SpartanNash Co (SPTN)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $778,182K
= 0.00
The debt-to-equity ratio of SpartanNash Co has shown consistent stability over the past few years, with values predominantly close to 0.00 or 0.01. A low debt-to-equity ratio generally indicates that the company is utilizing less debt financing relative to its equity, which can be a positive signal of financial health and lower financial risk.
In this case, the company's consistently low debt-to-equity ratio suggests that SpartanNash Co has been conservative in its use of debt to fund its operations and investments. This may indicate a conservative financial strategy, which could be viewed favorably by investors and creditors, as it implies a lower risk of financial distress.
Overall, the historical trend of SpartanNash Co's debt-to-equity ratio indicates a prudent and balanced approach to capital structure management, with a focus on maintaining a healthy mix of debt and equity in its financial structure.
Peer comparison
Dec 31, 2023