JM Smucker Company (SJM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 30, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,082,600K
= 0.00
Based on the provided data, the JM Smucker Company’s debt-to-equity ratio remains consistently at 0.00 across all the specified fiscal years from April 30, 2021, through April 30, 2025. This indicates that for each of these periods, the company did not report any debt relative to its equity. Such a persistent ratio suggests that JM Smucker maintained a entirely equity-financed capital structure during this timeframe, with no recorded long-term or short-term debt. This financial profile indicates a conservative approach to leveraging, potentially reflecting a strategic decision to operate without leverage or an exceptional scenario where debt levels are negligible or unreported. The lack of debt also implies that the company may rely solely on equity financing, which could influence its capacity for growth, resilience to economic fluctuations, and overall financial flexibility.