SpartanNash Co (SPTN)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,602,300 | 2,355,580 | 2,306,560 | 2,206,780 | 2,277,390 |
| Total stockholders’ equity | US$ in thousands | 743,490 | 778,182 | 766,068 | 782,869 | 735,049 |
| Financial leverage ratio | 3.50 | 3.03 | 3.01 | 2.82 | 3.10 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,602,300K ÷ $743,490K
= 3.50
The financial leverage ratio of SpartanNash Co has shown some fluctuations over the past five years. It decreased from 3.10 in December 2020 to 2.82 in December 2021, indicating a reduction in the company's reliance on debt in its capital structure. However, in the following years, the ratio increased slightly to 3.01 in December 2022 and 3.03 in December 2023. The most significant increase occurred in December 2024, reaching 3.50.
A financial leverage ratio above 1 indicates that the company has more debt than equity in its capital structure. A higher ratio implies a higher level of financial risk due to increased debt obligations. Therefore, the fluctuations in SpartanNash Co's financial leverage ratio suggest varying levels of leverage and potentially changing risk profiles over the years. It would be important for stakeholders to monitor these changes closely to assess the company's ability to manage its debt effectively.
Peer comparison
Dec 31, 2024