Unifirst Corporation (UNF)

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

The debt-to-equity ratio of Unifirst Corporation has consistently been reported as 0.00 across all the periods listed in the table. This indicates that the company has not utilized any debt financing to support its operations and that the entirety of its capital structure is funded by equity. While a low or zero debt-to-equity ratio can suggest financial stability and lower financial risk, it may also indicate missed opportunities for leveraging debt to potentially enhance returns for shareholders. Monitoring this ratio over time and in comparison to industry peers can provide insights into the company's financial strategy and risk management practices.


Peer comparison

Aug 31, 2024

Company name
Symbol
Debt-to-equity ratio
Unifirst Corporation
UNF
0.00
H&R Block Inc
HRB
16.46
Service Corporation International
SCI
3.02
Yelp Inc
YELP
0.00