Kraft Heinz Co (KHC)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 49,526,000 | 48,678,000 | 49,298,000 | 50,103,000 | 51,623,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $49,526,000K
= 0.00
The debt-to-equity ratio for Kraft Heinz Co has consistently been 0.00 for the past five years, indicating that the company has not utilized any debt to finance its operations and has relied solely on equity for its capital structure during this period. A debt-to-equity ratio of 0.00 typically suggests that the company has no financial leverage, which can be viewed positively as it signifies lower financial risk and potential for financial distress. However, it is important to note that a debt-to-equity ratio of 0.00 may also imply missed opportunities for taking advantage of the tax benefits associated with debt financing. Overall, given the stable trend of 0.00 over the years, Kraft Heinz Co appears to have maintained a conservative approach to capital structure management.
Peer comparison
Dec 31, 2023