Lancaster Colony Corporation (LANC)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $925,772K
= 0.00
The debt-to-equity ratio for Lancaster Colony Corporation has consistently been reported as 0.00 for the past eight quarters, indicating that the company has not utilized debt financing to fund its operations relative to its equity. A debt-to-equity ratio of 0.00 signifies that the company has no debt on its balance sheet or that it has a very minimal amount of debt compared to its equity. This may suggest that Lancaster Colony Corporation relies more on equity financing or has strong internal cash generation to support its operations and growth initiatives. It is important to assess the company's overall financial health and strategy comprehensively in conjunction with other financial metrics to gain a holistic understanding of its performance and risk profile.
Peer comparison
Jun 30, 2024