United Natural Foods Inc (UNFI)
Debt-to-assets ratio
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,081,000 | 1,956,000 | 2,109,000 | 2,175,000 | 2,578,980 |
| Total assets | US$ in thousands | 7,528,000 | 7,394,000 | 7,628,000 | 7,525,000 | 7,587,000 |
| Debt-to-assets ratio | 0.28 | 0.26 | 0.28 | 0.29 | 0.34 |
August 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,081,000K ÷ $7,528,000K
= 0.28
The debt-to-assets ratio of United Natural Foods Inc has shown some fluctuation over the past five years. The ratio ranges from 0.26 to 0.34, with the most recent data indicating a level of 0.28 as of August 3, 2024.
A decreasing trend in the debt-to-assets ratio can suggest a company's ability to finance its assets primarily through equity rather than debt, which may indicate a stronger financial position. Conversely, an increasing trend could signal a higher reliance on debt financing, potentially increasing financial risk.
In this case, the company's debt-to-assets ratio has remained relatively stable over the past five years, with minor fluctuations within a range of 0.26 to 0.34. This stability may indicate a balanced approach to financing its operations, maintaining a level of debt that is manageable relative to its asset base.
It would be beneficial to compare this ratio to industry benchmarks and the company's historical performance to gain a more comprehensive understanding of its financial leverage and risk profile. Additionally, further analysis of the company's overall financial health and liquidity position would provide a more complete assessment of its debt management practices.
Peer comparison
Aug 3, 2024