Sprouts Farmers Market LLC (SFM)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,327,430 | 3,070,380 | 2,923,120 | 2,806,400 | 2,722,980 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,327,430K
= 0.00
The debt-to-assets ratio of Sprouts Farmers Market Inc has been on a decreasing trend over the past five years, indicating a favorable financial position in terms of leverage. In 2023, the ratio stands at 0.04, showcasing that only 4% of the company's total assets are funded by debt. This suggests that Sprouts Farmers Market Inc relies more on equity financing rather than debt to support its operations and expansion. The decreasing trend from 2022 to 2023 implies that the company has been making efforts to reduce its debt levels relative to its total assets, enhancing its financial stability and solvency. It also signals that the company may be effectively managing its debt obligations and maintaining a healthy balance sheet structure. Overall, the downward trajectory of the debt-to-assets ratio for Sprouts Farmers Market Inc reflects positively on its financial health and creditworthiness.
Peer comparison
Dec 31, 2023