Unifirst Corporation (UNF)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 1,609,700 | 1,580,790 |
| 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 |
February 24, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,049,680K)
= 0.00
The debt-to-capital ratio of Unifirst Corporation has consistently been 0.00 over the past several quarters. This indicates that the company has not utilized debt as a source of financing, with its capital structure primarily consisting of equity. While a low debt-to-capital ratio can signify financial strength and stability, it may also suggest missed opportunities for leveraging debt to potentially enhance returns or fund growth initiatives at a lower cost. Further analysis into the company's financing strategies and long-term objectives would provide more insights into the rationale behind maintaining such a low debt level.
Peer comparison
Feb 24, 2024