JM Smucker Company (SJM)
Debt-to-capital ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,082,600 | 7,693,900 | 7,290,800 | 8,140,100 | 8,124,800 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 30, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,082,600K)
= 0.00
The debt-to-capital ratio for JM Smucker Company, based on the provided data, remains consistently at zero across all reported periods from April 30, 2021, through April 30, 2025. This indicates that the company has not reported any debt as a component of its capital structure during this timeframe. The persistent absence of debt suggests that JM Smucker has financed its operations entirely through equity or other non-debt sources. Such a capital structure could imply a conservative financial strategy, minimizing leverage and financial risk associated with debt obligations. However, it also means that the company has not utilized debt financing to potentially enhance growth or capitalize on debt-related tax benefits during this period.