Sprouts Farmers Market LLC (SFM)
Debt-to-assets ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,327,430 | 3,290,510 | 3,208,200 | 3,169,390 | 3,070,380 | 3,017,520 | 2,987,320 | 2,997,750 | 2,923,120 | 2,926,420 | 2,878,360 | 2,896,740 | 2,806,400 | 2,782,220 | 2,963,190 | 2,855,200 | 2,722,980 | 2,764,870 | 2,692,490 | 2,616,600 |
| 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 |
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 exhibited a consistent decrease over the past eight quarters, indicating a strengthening financial position in terms of leveraging debt to finance its assets. The trend shows that the company's proportion of debt relative to its total assets has been progressively declining from 0.09 in Q2 2022 to 0.04 in Q4 2023. This reduction signifies an improvement in the company's ability to cover its debt obligations with its available assets.
A decreasing debt-to-assets ratio is generally viewed positively by investors and creditors as it suggests lower financial risk and better debt management by the company. Sprouts Farmers Market Inc's decreasing trend in this ratio may indicate effective debt reduction strategies or improved asset management practices during the period under analysis.
Overall, based on the declining trend in the debt-to-assets ratio, it can be inferred that Sprouts Farmers Market Inc has been effective in managing its debt levels relative to its asset base, which could enhance its financial stability and creditworthiness.
Peer comparison
Dec 31, 2023