SpartanNash Co (SPTN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,602,300 | 2,355,580 | 2,306,560 | 2,206,780 | 2,277,390 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,602,300K
= 0.00
Based on the provided data, SpartanNash Co's debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has zero debt relative to its total assets, which could signify that SpartanNash Co is operating with a fully equity-financed capital structure or only minimal debt. This low ratio suggests that the company has a strong financial position, with a low risk of financial distress due to debt obligations. However, it is important to consider that a debt-to-assets ratio of 0.00 could also imply that the company might not be utilizing debt to leverage its investments or growth opportunities, which could impact its overall return on equity. Further analysis of SpartanNash Co's capital structure and financing decisions would provide additional insights into its financial strategy and risk management practices.
Peer comparison
Dec 31, 2024