SpartanNash Co (SPTN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 778,182 | 777,267 | 768,397 | 759,454 | 766,068 | 780,410 | 795,304 | 782,869 | 765,566 | 756,176 | 750,520 | 735,049 | 723,451 | 709,251 | 685,692 | 687,538 | 689,296 | 687,645 | 693,802 | 715,947 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 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 low and stable over the past few years, with values ranging from 0.00 to 0.01. This indicates that the company relies more on equity financing rather than debt financing to fund its operations and growth. A low debt-to-capital ratio signifies a lower level of financial risk and a healthier balance sheet, as the company has a smaller proportion of debt relative to its total capital structure. SpartanNash Co's consistent low debt-to-capital ratio suggests that it has been managing its debt levels prudently and has a strong financial position.
Peer comparison
Dec 31, 2023