SpartanNash Co (SPTN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 778,182 | 766,068 | 782,869 | 735,049 | 687,538 |
| Debt-to-capital ratio | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $778,182K)
= 0.00
The debt-to-capital ratio for SpartanNash Co has remained relatively stable over the past five years, staying consistently low at 0.01 or 1% for each year. This indicates that the company relies very little on debt financing compared to its total capital structure. SpartanNash Co's financial position appears to be strong as it has a minimal level of debt relative to its total capital, which could imply lower financial risk and greater financial stability. This ratio suggests that the company has been managing its debt levels effectively and maintaining a healthy capital structure over the years.
Peer comparison
Dec 31, 2023