Simply Good Foods Co (SMPL)
Solvency ratios
| 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 | Aug 31, 2019 | May 25, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.11 | 0.13 | 0.13 | 0.15 | 0.17 | 0.19 | 0.19 | 0.19 | 0.20 | 0.21 | 0.22 | 0.25 | 0.27 | 0.28 | 0.30 | 0.31 | 0.31 | 0.32 | 0.17 | 0.17 |
| Debt-to-capital ratio | 0.13 | 0.14 | 0.15 | 0.17 | 0.20 | 0.21 | 0.22 | 0.22 | 0.23 | 0.26 | 0.28 | 0.30 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.37 | 0.21 | 0.20 |
| Debt-to-equity ratio | 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 | 0.27 | 0.25 |
| Financial leverage ratio | 1.30 | 1.32 | 1.33 | 1.36 | 1.40 | 1.43 | 1.46 | 1.47 | 1.49 | 1.69 | 1.73 | 1.75 | 1.74 | 1.70 | 1.76 | 1.74 | 1.78 | 1.88 | 1.60 | 1.49 |
Simply Good Foods Co's solvency ratios have been fluctuating over the past several quarters. The debt-to-assets ratio has shown a slight increase from 0.11 in Feb 24, 2024 to 0.17 in Feb 25, 2023, indicating a higher proportion of assets being financed by debt. The debt-to-capital and debt-to-equity ratios also display a similar trend, reflecting more reliance on debt for financing the company's operations.
Furthermore, the financial leverage ratio has exhibited variability, with a spike to 1.78 in Nov 30, 2019, signaling higher financial risk and leverage during that period. Overall, these ratios suggest that Simply Good Foods Co's solvency position has experienced some fluctuations, and it would be prudent for stakeholders to closely monitor the company's debt levels and financing strategies to ensure sustainable financial health.
Coverage ratios
| 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 | Aug 31, 2019 | May 25, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.14 | 7.10 | 6.84 | 6.75 | 7.49 | 8.19 | 7.88 | 6.91 | 5.14 | 3.15 | 3.56 | 1.59 | 2.56 | 4.41 | 3.41 | 3.71 | 2.36 | 0.69 | 1.61 | 5.39 |
The interest coverage ratio for Simply Good Foods Co has shown fluctuations over the past few quarters. It measures the company's ability to meet its interest obligations with its operating income.
The trend indicates a generally strong interest coverage, with ratios consistently above 1. This suggests that the company has generated sufficient operating income to cover its interest expenses. However, there has been some variability in the ratio, with peaks observed in Feb 24, 2024 (8.14) and Nov 26, 2022 (8.19).
The lowest interest coverage ratios were reported in Nov 30, 2019 (0.69) and May 29, 2021 (1.59), indicating potential challenges in meeting interest obligations during those periods. It is important for stakeholders to monitor the trend in interest coverage to ensure the company's financial health and ability to service its debt.