SpartanNash Co (SPTN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
SpartanNash Co's solvency ratios indicate a consistently strong financial position in terms of debt management and capital structure. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 across multiple periods, suggesting that the company has no significant debt relative to its assets or capital.
Additionally, the Financial leverage ratio has shown a stable trend around the range of 2.82 to 3.50 over the past few years. This indicates that the company relies more on equity financing rather than debt to support its operations, which is generally considered a positive sign of financial health.
Overall, SpartanNash Co's solvency ratios suggest a prudent approach to managing its debt levels and maintaining a healthy balance between debt and equity in its capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.98 | 2.60 | 2.48 | 2.47 | 2.87 | 2.56 | 2.44 | 2.34 | 1.19 | 1.52 | 0.89 | -0.14 | 1.83 | 2.43 | 3.88 | 6.37 | 4.85 | 5.03 | 6.28 | 6.13 |
The interest coverage ratio is an important financial metric that indicates a company's ability to meet its interest obligations on outstanding debt. It is calculated by dividing earnings before interest and taxes (EBIT) by the amount of interest expense incurred. A higher interest coverage ratio suggests that the company is more capable of servicing its debt.
Analyzing SpartanNash Co's interest coverage based on the provided data reveals fluctuations in the ratio over the period. In September 2021, the interest coverage ratio was 6.13, which indicated that the company was generating sufficient earnings to cover its interest payments.
However, the interest coverage ratio started to decline in the following periods, reaching a low of -0.14 on December 31, 2022. A negative interest coverage ratio suggests that the company's earnings were insufficient to cover its interest expenses, raising concerns about its financial health.
Subsequently, the interest coverage ratio improved but remained relatively low compared to earlier periods. As of December 31, 2024, the interest coverage ratio stood at 1.98, indicating a moderate ability to cover interest payments.
Overall, the trend in SpartanNash Co's interest coverage ratio highlights fluctuations and potential challenges in meeting interest obligations with earnings. It is essential for stakeholders to closely monitor this ratio to assess the company's ability to manage its debt and financial obligations effectively.