Lancaster Colony Corporation (LANC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 925,772 | 912,852 | 908,326 | 878,768 | 862,267 | 873,184 | 879,550 | 862,071 | 844,687 | 838,622 | 865,009 | 850,055 | 843,147 | 831,113 | 826,360 | 801,106 | 783,300 | 773,284 | 772,758 | 749,665 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $925,772K)
= 0.00
The debt-to-capital ratio for Lancaster Colony Corporation has consistently been reported as 0.00 across multiple periods, indicating that the company has not utilized debt as a source of financing relative to its capital structure. This suggests that Lancaster Colony Corporation has mainly relied on equity financing to support its operations and growth initiatives. It is important to note that a debt-to-capital ratio of 0.00 may also reflect a conservative financial strategy or strong cash flow generation capability that allows the company to fund its operations without resorting to significant borrowings. Further examination of the company's financial statements and disclosures would provide deeper insights into its capital structure decisions and overall financial health.
Peer comparison
Jun 30, 2024