Lancaster Colony Corporation (LANC)
Debt-to-equity ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 925,772 | 862,267 | 844,687 | 843,147 | 783,300 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $925,772K
= 0.00
The debt-to-equity ratio for Lancaster Colony Corporation has been consistently reported as 0.00 for the past five years, including data from June 30, 2024, June 30, 2023, June 30, 2022, June 30, 2021, and June 30, 2020. This indicates that the company has not utilized any debt to finance its operations during this period, resulting in a debt-free capital structure. This could imply that Lancaster Colony Corporation has been reliant on equity financing, which may offer benefits such as lower financial risk and greater financial flexibility. However, it is essential to consider the overall financial health of the company and its future growth prospects to understand the implications of a consistent 0.00 debt-to-equity ratio over time.
Peer comparison
Jun 30, 2024