JM Smucker Company (SJM)
Debt-to-assets ratio
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 17,563,300 | 18,425,600 | 20,020,100 | 20,348,200 | 20,273,700 | 20,247,200 | 18,123,700 | 14,711,800 | 14,991,400 | 16,017,500 | 16,219,300 | 16,276,700 | 16,055,000 | 15,966,400 | 16,240,800 | 16,211,700 | 16,284,200 | 16,429,400 | 16,929,700 | 16,902,300 |
| 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 |
April 30, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $17,563,300K
= 0.00
The analyzed data indicates that the debt-to-assets ratio for JM Smucker Company has consistently remained at zero across all reporting periods from July 31, 2020, through October 31, 2025. This uniformity suggests that the company has maintained a financial structure devoid of reported debt, implying that it is entirely financed through equity or other non-debt sources during this timeframe. Such a stable and debt-free positioning indicates the company's conservative approach to leverage, potentially reflecting strong liquidity, low financial risk, and a prudent capital structure. The absence of debt financing throughout the observed periods may also suggest that the company relies on internal cash flows or equity issuance to support its operations and growth initiatives.