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