Kroger Company (KR)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 50,505,000 | 51,021,000 | 50,202,000 | 50,193,000 | 49,623,000 | 49,987,000 | 48,741,000 | 49,091,000 | 49,086,000 | 49,829,000 | 48,461,000 | 48,811,000 | 48,662,000 | 48,465,000 | 46,942,000 | 45,256,000 | 45,393,000 | 44,462,000 | 44,319,000 | 38,118,000 |
| 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 |
| Financial leverage ratio | 4.35 | 4.55 | 4.72 | 4.60 | 4.94 | 5.02 | 5.05 | 5.22 | 5.19 | 5.23 | 5.22 | 5.28 | 5.08 | 4.81 | 5.02 | 5.26 | 5.09 | 5.10 | 5.16 | 4.83 |
February 3, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $50,505,000K ÷ $11,615,000K
= 4.35
The financial leverage ratio of Kroger Company has shown some fluctuation over the periods indicated. The ratio has ranged between 4.35 and 5.28, with the highest value recorded in January 2021 and the lowest in May 2020. Overall, the trend indicates an increasing level of financial leverage over the past few years, as the ratio has generally been on an upward trajectory. This suggests that Kroger has been relying more on debt financing relative to equity to fund its operations and investments. It is important for investors and stakeholders to closely monitor this trend to assess the company's risk exposure and financial stability.
Peer comparison
Feb 3, 2024