Sprouts Farmers Market LLC (SFM)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,148,550 | 1,046,460 | 959,876 | 881,293 | 581,952 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,148,550K
= 0.00
The debt-to-equity ratio for Sprouts Farmers Market Inc has been declining over the past five years, indicating a decreasing reliance on debt financing relative to equity. In 2019, the ratio was significantly high at 0.95, suggesting a higher proportion of debt in the company's capital structure. However, there has been a notable improvement since then, with the ratio reducing to 0.12 as of December 31, 2023. This indicates a more balanced capital structure with a lower level of debt compared to equity in recent years. The trend suggests that the company may be managing its debt levels more efficiently and potentially reducing financial risk.
Peer comparison
Dec 31, 2023