Unifirst Corporation (UNF)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,620,950 | 2,602,050 | 2,569,980 | 2,454,320 | 2,450,750 | 2,427,970 | 2,410,820 | 2,412,600 | 2,397,510 | 2,381,060 | 2,335,920 | 2,275,760 | 2,234,160 | 2,199,030 | 2,153,270 | 2,152,860 | 2,123,580 | 2,047,320 | 1,981,300 | 1,954,110 |
| 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 |
| Financial leverage ratio | 1.28 | 1.28 | 1.28 | 1.26 | 1.26 | 1.27 | 1.27 | 1.27 | 1.27 | 1.27 | 1.27 | 1.26 | 1.26 | 1.26 | 1.26 | 1.27 | 1.27 | 1.25 | 1.23 | 1.24 |
February 24, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,620,950K ÷ $2,049,680K
= 1.28
The financial leverage ratio of Unifirst Corporation has remained relatively stable over the past several quarters, ranging between 1.23 and 1.28. This indicates that the company has maintained a consistent level of leverage in its capital structure during this period. A financial leverage ratio above 1 suggests that the company relies more on debt financing than equity financing to support its operations and growth. While a stable ratio can be a positive indication of financial health and management's ability to manage debt effectively, it is important to closely monitor changes in the ratio over time to ensure the company's financial stability and growth prospects.
Peer comparison
Feb 24, 2024