Kroger Company (KR)

Debt-to-equity 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-equity ratio 0.87 0.90 0.95 0.93 1.01 1.07 1.11 1.20 1.19 1.19 1.21 1.26 1.21 1.10 1.24 1.32 1.27 1.30 1.31 1.43

February 3, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $10,162,000K ÷ $11,615,000K
= 0.87

The debt-to-equity ratio of Kroger Company has exhibited a fluctuating trend over the past two years, ranging from 0.87 to 1.43. The ratio measures the proportion of debt used to finance the company's assets relative to equity. A higher debt-to-equity ratio indicates a greater reliance on debt financing.

In the most recent period, as of February 3, 2024, Kroger's debt-to-equity ratio stands at 0.87, reflecting a decrease from the previous period's ratio of 0.90. This reduction suggests a lower level of debt relative to equity, which may indicate improved financial stability and reduced financial risk for the company.

Looking further back, the ratio has been volatile, reaching a peak of 1.43 on February 2, 2019. These fluctuations could be a result of strategic decisions related to capital structure, investment in growth opportunities, or management of debt levels.

It is essential for investors and stakeholders to monitor the debt-to-equity ratio to assess Kroger's ability to meet its financial obligations, manage risks associated with debt, and maintain a healthy balance between debt and equity financing.


Peer comparison

Feb 3, 2024

Company name
Symbol
Debt-to-equity ratio
Kroger Company
KR
0.87
Grocery Outlet Holding Corp
GO
0.24
Sprouts Farmers Market LLC
SFM
0.00