JM Smucker Company (SJM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 6,082,600 | 6,907,300 | 7,633,100 | 7,769,500 | 7,693,900 | 7,560,100 | 7,088,900 | 7,003,400 | 7,290,800 | 8,335,000 | 8,217,300 | 8,144,300 | 8,140,100 | 8,266,900 | 8,286,400 | 8,170,300 | 8,124,800 | 8,211,600 | 8,515,000 | 8,345,200 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,082,600K)
= 0.00
The data for JM Smucker Company's debt-to-capital ratio from October 2020 through October 2025 demonstrates a consistent value of zero at all recorded intervals. This indicates that, during this period, the company maintained no measurable debt relative to its total capital. The persistent absence of debt suggests that JM Smucker relied exclusively on equity financing or other non-debt sources of capital to finance its operations and growth initiatives. Such a debt profile reflects a conservative financial strategy, minimizing leverage and associated financial risk. This zero debt-to-capital ratio over multiple years signifies a notably conservative capital structure, potentially offering stability and flexibility but possibly limiting leverage-related growth opportunities.