Unifirst Corporation (UNF)
Debt-to-capital ratio
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,108,510 | 2,003,960 | 1,915,870 | 1,872,950 | 1,741,130 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,108,510K)
= 0.00
Based on the data provided, the debt-to-capital ratio of Unifirst Corporation has consistently been reported as 0.00 for the past five years, including as of August 31, 2024. This indicates that Unifirst Corporation has not used any debt in its capital structure during this period. A debt-to-capital ratio of 0.00% suggests that the company is primarily utilizing equity financing rather than debt financing to fund its operations and growth. This may imply a lower financial risk due to the absence of interest payments and the potential advantages of not relying on external borrowings. However, it is essential to consider other financial metrics and factors to assess the overall financial health and sustainability of Unifirst Corporation.
Peer comparison
Aug 31, 2024