SpartanNash Co (SPTN)
Debt-to-equity 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-equity ratio | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $778,182K
= 0.00
The debt-to-equity ratio of SpartanNash Co has remained consistently low over the past five years, with values of 0.00 in 2023, and 0.01 in 2022, 2021, 2020, and 2019. This indicates that the company has been primarily relying on equity financing rather than debt to fund its operations and growth. A low debt-to-equity ratio is generally viewed positively as it suggests lower financial risk and a strong financial position. SpartanNash Co's stable and low debt-to-equity ratio may indicate prudent financial management and a conservative approach to leveraging. However, it is essential to consider other factors and ratios in conjunction with the debt-to-equity ratio to obtain a more comprehensive understanding of the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2023