Unifirst Corporation (UNF)
Debt-to-assets ratio
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 25, 2019 | Feb 23, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,620,950 | 2,602,050 | 2,569,980 | 2,454,320 | 2,450,750 | 2,427,970 | 2,410,820 | 2,412,600 | 2,397,510 | 2,381,060 | 2,335,920 | 2,275,760 | 2,234,160 | 2,199,030 | 2,153,270 | 2,152,860 | 2,123,580 | 2,047,320 | 1,981,300 | 1,954,110 |
| 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 |
February 24, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,620,950K
= 0.00
The debt-to-assets ratio of Unifirst Corporation has consistently been reported as 0.00 for the past 20 quarters. This indicates that the company has not reported any financial debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 may signal that Unifirst Corporation has been operating without any significant financial leverage or reliance on debt financing. This could suggest a conservative financial management approach, where the company may be financing its operations primarily through equity or internally generated funds rather than external borrowing. It is important to note that a low or zero debt-to-assets ratio does not necessarily imply a negative financial position, but rather indicates a particular financing strategy adopted by the company.
Peer comparison
Feb 24, 2024