Kroger Company (KR)
Debt-to-capital ratio
| Feb 3, 2024 | Nov 4, 2023 | Aug 12, 2023 | May 20, 2023 | Jan 28, 2023 | Nov 5, 2022 | Aug 13, 2022 | May 21, 2022 | Jan 29, 2022 | Nov 6, 2021 | Aug 14, 2021 | May 22, 2021 | Jan 30, 2021 | Nov 7, 2020 | May 23, 2020 | Feb 1, 2020 | Nov 9, 2019 | Aug 17, 2019 | May 25, 2019 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 10,162,000 | 10,143,000 | 10,143,000 | 10,139,000 | 10,139,000 | 10,664,000 | 10,673,000 | 11,279,000 | 11,294,000 | 11,292,000 | 11,270,000 | 11,674,000 | 11,566,000 | 11,084,000 | 11,556,000 | 11,330,000 | 11,311,000 | 11,300,000 | 11,256,000 | 11,248,000 |
| Total stockholders’ equity | US$ in thousands | 11,615,000 | 11,209,000 | 10,626,000 | 10,905,000 | 10,042,000 | 9,955,000 | 9,657,000 | 9,411,000 | 9,452,000 | 9,519,000 | 9,278,000 | 9,249,000 | 9,576,000 | 10,070,000 | 9,356,000 | 8,602,000 | 8,915,000 | 8,711,000 | 8,581,000 | 7,886,000 |
| Debt-to-capital ratio | 0.47 | 0.48 | 0.49 | 0.48 | 0.50 | 0.52 | 0.52 | 0.55 | 0.54 | 0.54 | 0.55 | 0.56 | 0.55 | 0.52 | 0.55 | 0.57 | 0.56 | 0.56 | 0.57 | 0.59 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $10,162,000K ÷ ($10,162,000K + $11,615,000K)
= 0.47
The debt-to-capital ratio of Kroger Company has shown some fluctuations over the past years, ranging from 0.47 to 0.59. This ratio indicates the proportion of the company's capital that is financed through debt. A higher ratio suggests that a larger portion of the company's capital is derived from debt, which can indicate higher financial risk.
Kroger's debt-to-capital ratio has generally remained in the range of 0.48 to 0.55 in recent years, with a slight upward trend observed in the most recent periods. The increase in the ratio may suggest that Kroger is relying more on debt to finance its operations or growth initiatives.
It is important for investors and stakeholders to monitor the trend of the debt-to-capital ratio over time to assess the company's leverage and risk profile. A consistently increasing ratio may raise concerns about the company's ability to manage its debt levels, while a decreasing ratio could indicate a more conservative approach to capital structure. Further analysis of Kroger's debt levels, overall financial health, and industry comparisons would provide a more comprehensive understanding of its debt-to-capital ratio.
Peer comparison
Feb 3, 2024