JM Smucker Company (SJM)
Debt-to-assets ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 17,563,300 | 20,273,700 | 14,991,400 | 16,055,000 | 16,284,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 30, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $17,563,300K
= 0.00
The debt-to-assets ratio for JM Smucker Company, as indicated in the provided data, consistently remains at 0.00 across the specified fiscal years from April 30, 2021, through April 30, 2025. This uniform ratio suggests that the company has no reported debt obligations relative to its total assets during this period. Such a sustained zero ratio may reflect that JM Smucker has financed its assets entirely through equity, retained earnings, or other non-debt means, and does not carry long-term or short-term debt on its balance sheet within this timeframe. This indicates a conservative capital structure with minimal or no debt financing, which can imply lower financial leverage and possibly a lower financial risk profile. However, it is also important to consider that this data alone does not specify the reasons behind the zero ratio or the company's overall financial health, and further analysis of other financial metrics and disclosures would be necessary for a comprehensive assessment.