SpartanNash Co (SPTN)
Debt-to-assets ratio
| Dec 31, 2023 | Oct 7, 2023 | Jul 15, 2023 | Apr 22, 2023 | Dec 31, 2022 | Oct 8, 2022 | Apr 23, 2022 | Dec 31, 2021 | Oct 9, 2021 | Jul 17, 2021 | Apr 24, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 11, 2020 | Apr 18, 2020 | Dec 31, 2019 | Oct 5, 2019 | Jul 13, 2019 | Apr 20, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 4,813 | — | — | 5,617 | — | — | — | 6,707 | — | — | — | 8,633 | — | — | — | 4,447 |
| Total assets | US$ in thousands | 2,355,580 | 2,333,780 | 2,326,910 | 2,296,190 | 2,306,560 | 2,341,480 | 2,264,230 | 2,206,780 | 2,242,680 | 2,209,150 | 2,275,570 | 2,277,390 | 2,321,560 | 2,296,550 | 2,314,220 | 2,277,390 | 2,334,550 | 2,291,960 | 2,359,500 | 1,971,910 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 remained at 0.00 across multiple reporting periods, indicating that the company has not used debt to finance its assets during these periods. A debt-to-assets ratio of 0.00 suggests that SpartanNash Co has either paid off all debt on its balance sheet or operates with minimal debt relative to its total assets. This can be seen as a positive sign of financial stability and lower financial risk, as the company is not heavily reliant on borrowed funds to support its operations and growth. Further analysis of the company's capital structure and overall financial health would provide a more holistic view of its financial position.
Peer comparison
Dec 31, 2023