Simply Good Foods Co (SMPL)

Debt-to-equity ratio

		Aug 31, 2024	May 25, 2024	Feb 24, 2024	Nov 25, 2023	Aug 26, 2023	May 27, 2023	Feb 25, 2023	Nov 26, 2022	Aug 27, 2022	May 28, 2022	Feb 26, 2022	Nov 27, 2021	Aug 28, 2021	May 29, 2021	Feb 27, 2021	Nov 28, 2020	Aug 29, 2020	May 30, 2020	Feb 29, 2020	Nov 30, 2019
Long-term debt	US$ in thousands	397,485	237,661	237,641	272,032	281,649	320,900	362,622	396,994	403,022	402,594	426,916	427,017	451,269	500,154	548,884	572,923	596,879	624,752	624,076	638,034
Total stockholders’ equity	US$ in thousands	1,727,490	1,693,310	1,647,480	1,607,180	1,571,100	1,530,820	1,491,920	1,463,360	1,438,660	1,437,320	1,401,050	1,209,610	1,188,800	1,168,410	1,160,140	1,183,310	1,139,330	1,173,730	1,123,410	1,072,410
Debt-to-equity ratio		0.23	0.14	0.14	0.17	0.18	0.21	0.24	0.27	0.28	0.28	0.30	0.35	0.38	0.43	0.47	0.48	0.52	0.53	0.56	0.59

August 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $397,485K ÷ $1,727,490K
= 0.23

The debt-to-equity ratio of Simply Good Foods Co has exhibited a fluctuating trend over the past few years. The ratio has generally been increasing since November 2019, indicating a rising level of debt relative to equity. Notably, the ratio has surpassed 0.50 since August 2020, suggesting a higher proportion of debt in the company's capital structure compared to equity.

In the most recent period, as of August 31, 2024, the debt-to-equity ratio stood at 0.23, which is relatively lower compared to previous periods. This may imply that the company has reduced its debt levels or increased its equity base during this period. It is essential to monitor this ratio over time to assess the company's financial leverage and its ability to meet its debt obligations.