Lancaster Colony Corporation (LANC)
Debt-to-assets ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,206,930 | 1,172,010 | 1,148,920 | 1,130,300 | 1,112,990 | 1,157,760 | 1,137,170 | 1,131,230 | 1,090,370 | 1,103,620 | 1,120,200 | 1,115,140 | 1,101,280 | 1,068,350 | 1,054,310 | 1,024,370 | 993,353 | 993,052 | 983,703 | 962,341 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,206,930K
= 0.00
The debt-to-assets ratio for Lancaster Colony Corporation has consistently remained at 0.00 for the past several quarters. This indicates that the company has not used any debt to finance its assets during the periods in question. A debt-to-assets ratio of 0.00 suggests that the company relies entirely on equity financing, which may indicate financial stability and a conservative approach to managing its capital structure. However, it is important to further investigate the reasons behind this consistently low ratio, as excessively avoiding debt may also limit the company's growth opportunities and potential returns for shareholders.
Peer comparison
Jun 30, 2024