Tyson Foods Inc (TSN)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 37,100,000 | 36,251,000 | 36,821,000 | 36,309,000 | 34,456,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $37,100,000K
= 0.00
The debt-to-assets ratio for Tyson Foods Inc over the past five years has been consistently reported as 0.00. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's total assets are entirely funded by equity rather than debt. While this may suggest a strong financial position with lower financial risk due to the absence of debt obligations, it is essential to consider the potential implications of forgoing debt financing, such as missed opportunities for leveraging capital structure for growth or tax benefits associated with debt. Further analysis of the company's overall financial strategy and future plans would be necessary to gain a comprehensive understanding of its decision to maintain a debt-to-assets ratio of 0.00 consistently.
Peer comparison
Sep 30, 2024