Simply Good Foods Co (SMPL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.16 | 0.11 | 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 |
| Debt-to-capital ratio | 0.19 | 0.12 | 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 |
| 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 |
| Financial leverage ratio | 1.41 | 1.29 | 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 |
Simply Good Foods Co's solvency ratios have shown some fluctuations over the past few quarters. The debt-to-assets ratio has ranged from 0.11 to 0.32, indicating the company's ability to cover its liabilities with its assets. The debt-to-capital ratio has varied from 0.12 to 0.37, reflecting the proportion of debt in the company's capital structure. The debt-to-equity ratio has fluctuated between 0.14 and 0.59, suggesting the level of financial risk borne by the shareholders.
The financial leverage ratio has ranged from 1.29 to 1.88, depicting the company's use of debt in its capital structure. Overall, these solvency ratios indicate that Simply Good Foods Co has been managing its debt levels and capital structure effectively, with some fluctuations observed in recent quarters. It is essential for the company to continue monitoring and optimizing its solvency ratios to ensure long-term financial stability and sustainability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.06 | 9.25 | 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 |
The interest coverage ratio of Simply Good Foods Co has fluctuated over the past several periods. The ratio measures the company's ability to pay interest expenses on its outstanding debt obligations.
The trend in interest coverage shows some variability, with the ratio ranging from a low of 0.69 to a high of 9.25. Generally, a higher interest coverage ratio indicates that the company is more capable of meeting its interest payments with its earnings.
The company's interest coverage peaked at 9.25 on May 25, 2024, suggesting a strong ability to cover interest expenses at that point in time. However, the ratio has shown some decline in more recent periods, dropping to 3.15 on November 27, 2021, and further to 1.59 on May 29, 2021.
Overall, a sustained high interest coverage ratio is favorable as it indicates a lower risk of default on debt payments due to the company's earnings capacity. Investors and creditors may closely monitor changes in the interest coverage ratio as it provides insights into the company's financial health and ability to manage its debt obligations.