Unifirst Corporation (UNF)
Debt-to-assets ratio
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,696,410 | 2,569,980 | 2,427,970 | 2,381,060 | 2,199,030 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,696,410K
= 0.00
The debt-to-assets ratio for Unifirst Corporation has remained consistently at 0.00 over the past five years. This indicates that the company has not utilized debt as a source of financing to acquire its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company's assets are primarily financed through equity or retained earnings, and there is no financial risk associated with debt obligations. While a low debt-to-assets ratio can imply financial stability and lower risk, it is essential to consider other factors such as liquidity, profitability, and efficiency to gain a comprehensive understanding of the company's financial health.
Peer comparison
Aug 31, 2024