JM Smucker Company (SJM)
Debt-to-equity ratio
| 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 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,773,700 | 8,121,100 | 7,771,700 | 4,315,100 | 4,314,200 | 4,313,300 | 4,312,400 | 4,311,500 | 4,310,600 | 4,309,700 | 4,308,800 | 3,517,500 | 3,516,800 | 3,915,300 | 3,914,500 | 4,672,800 | 5,373,300 | 4,583,300 | 4,584,500 | 4,685,300 |
| Total stockholders’ equity | US$ in thousands | 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 | 8,190,900 | 8,170,400 | 8,095,300 | 8,007,700 |
| Debt-to-equity ratio | 0.88 | 1.07 | 1.10 | 0.62 | 0.59 | 0.52 | 0.52 | 0.53 | 0.53 | 0.52 | 0.52 | 0.43 | 0.43 | 0.48 | 0.46 | 0.56 | 0.66 | 0.56 | 0.57 | 0.59 |
April 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,773,700K ÷ $7,693,900K
= 0.88
The debt-to-equity ratio of JM Smucker Company has shown some fluctuations over the past few years. It decreased from 0.59 in July 2019 to 0.43 in January 2021 before gradually increasing again. The ratio peaked at 1.10 in October 2023 and has since decreased to 0.88 in April 2024. Generally, a lower debt-to-equity ratio indicates lower financial risk, while a higher ratio suggests higher financial leverage. JM Smucker Company appears to have been managing its debt levels relative to its equity in the past few years, with fluctuations possibly reflecting strategic decisions or market conditions. It is important for stakeholders to monitor this ratio to assess the company's financial health and risk profile.