Unifirst Corporation (UNF)

Debt-to-capital ratio

Aug 31, 2024 May 25, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 2,108,510 2,075,610 2,049,680 2,040,170 2,003,960 1,955,090 1,941,970 1,915,870 1,904,010 1,898,980 1,894,900 1,872,950 1,845,200 1,801,110 1,773,350 1,741,130 1,708,100 1,701,440 1,676,010 1,641,230
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

August 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,108,510K)
= 0.00

The debt-to-capital ratio of Unifirst Corporation has consistently been reported as 0.00 across various periods up to August 31, 2024. This indicates that the company has not used debt as a significant source of financing in relation to its total capital structure. A debt-to-capital ratio of 0.00 implies that the company's total debt is either negligible or that it is offset by an equal or greater amount of equity or other forms of capital. This low level of indebtedness could signify a conservative financial strategy, minimal financial risk, and potentially a strong financial position with ample equity to support its operations and growth initiatives.


Peer comparison

Aug 31, 2024

Company name
Symbol
Debt-to-capital ratio
Unifirst Corporation
UNF
0.00
H&R Block Inc
HRB
0.94
Service Corporation International
SCI
0.75
Yelp Inc
YELP
0.00