SpartanNash Co (SPTN)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,602,300 | 2,467,430 | 2,365,880 | 2,341,800 | 2,355,580 | 2,333,780 | 2,333,780 | 2,326,910 | 2,326,910 | 2,296,190 | 2,296,190 | 2,306,560 | 2,341,480 | 2,341,480 | 2,322,320 | 2,264,230 | 2,264,230 | 2,206,780 | 2,242,680 | 2,242,680 |
| Total stockholders’ equity | US$ in thousands | 743,490 | 781,308 | 776,341 | 785,205 | 778,182 | 777,267 | 777,267 | 768,397 | 768,397 | 759,454 | 759,454 | 766,068 | 780,410 | 780,410 | 793,722 | 795,304 | 795,304 | 782,869 | 765,566 | 765,566 |
| Financial leverage ratio | 3.50 | 3.16 | 3.05 | 2.98 | 3.03 | 3.00 | 3.00 | 3.03 | 3.03 | 3.02 | 3.02 | 3.01 | 3.00 | 3.00 | 2.93 | 2.85 | 2.85 | 2.82 | 2.93 | 2.93 |
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 fluctuations over the provided periods, ranging from 2.82 to 3.50. The ratio indicates the proportion of the company’s debt in its capital structure.
An increasing trend in the financial leverage ratio from December 31, 2022, to December 31, 2024, is evident, reaching its peak at 3.50 as of December 31, 2024. This could imply that the company has been relying more on debt to finance its operations or investments during this period.
The financial leverage ratio exceeding 3 suggests that SpartanNash Co's debt levels are relatively high compared to its equity. This may raise concerns about the company's financial risk and its ability to meet debt obligations in the long term.
It is important for stakeholders to closely monitor the financial leverage ratio to assess the company's ability to handle debt effectively and maintain a healthy financial structure.
Peer comparison
Dec 31, 2024