SpartanNash Co (SPTN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,355,580 | 2,333,780 | 2,326,910 | 2,296,190 | 2,306,560 | 2,341,480 | 2,264,230 | 2,206,780 | 2,242,680 | 2,209,150 | 2,275,570 | 2,277,390 | 2,321,560 | 2,296,550 | 2,314,220 | 2,277,390 | 2,334,550 | 2,291,960 | 2,359,500 | 1,971,910 |
| 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 |
| Financial leverage ratio | 3.03 | 3.00 | 3.03 | 3.02 | 3.01 | 3.00 | 2.85 | 2.82 | 2.93 | 2.92 | 3.03 | 3.10 | 3.21 | 3.24 | 3.38 | 3.31 | 3.39 | 3.33 | 3.40 | 2.75 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,355,580K ÷ $778,182K
= 3.03
The financial leverage ratio of SpartanNash Co has been fluctuating over the past few years, ranging from 2.75 to 3.40. The ratio indicates the company's level of debt financing relative to its equity. A higher financial leverage ratio suggests that the company relies more on debt to finance its operations and growth, which can magnify returns but also increase the risk.
From the trend observed in the data, there seems to be a gradual increase in the financial leverage ratio over the years, with some slight fluctuations. This could imply that SpartanNash Co has been taking on more debt to fuel its business activities or make strategic investments.
It is important for investors and stakeholders to closely monitor this ratio to assess the company's financial risk and stability. A high financial leverage ratio may indicate a higher risk of financial distress in case of economic downturns or adverse business conditions. Conversely, a lower ratio may indicate a more conservative financial structure but could limit growth opportunities. Further analysis of the company's debt levels and overall capital structure would provide a more comprehensive understanding of its financial health.
Peer comparison
Dec 31, 2023