Unifirst Corporation (UNF)
Debt-to-equity ratio
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,003,960 | 1,915,870 | 1,872,950 | 1,741,130 | 1,641,230 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 26, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,003,960K
= 0.00
The debt-to-equity ratio of Unifirst Corp. has been consistently reported as 0.00 for the past five years, from August 26, 2023, back to August 31, 2019. This indicates that the company has not reported any long-term debt during this period. Generally, a lower debt-to-equity ratio suggests that the company is financing its operations and growth using more equity than debt. However, a debt-to-equity ratio of 0.00 could also indicate that the company has been using short-term debt or has a very high equity base compared to its debt. It's important to consider the company's specific industry and capital structure when evaluating the significance of this ratio.
Peer comparison
Aug 26, 2023