SpartanNash Co (SPTN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 4,813 | 5,617 | 6,707 | 8,633 |
| Total assets | US$ in thousands | 2,355,580 | 2,306,560 | 2,206,780 | 2,277,390 | 2,277,390 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,355,580K
= 0.00
The debt-to-assets ratio of SpartanNash Co has consistently been 0.00 over the past five years, indicating that the company has not utilized debt to finance its assets during this period. This suggests that SpartanNash Co has been primarily relying on equity financing to support its operations and investments. A debt-to-assets ratio of 0.00 signifies that the company's total assets are entirely financed by equity, which could imply a conservative capital structure approach or a strong financial position with minimal financial risk associated with leverage. Further analysis of the company's financial statements and strategic decisions would be necessary to fully understand the reasons behind this consistent low debt-to-assets ratio.
Peer comparison
Dec 31, 2023