United Natural Foods Inc (UNFI)
Debt-to-assets ratio
| Aug 3, 2024 | Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,081,000 | 2,151,000 | 2,180,000 | 2,301,000 | 1,956,000 | 2,032,000 | 2,077,000 | 2,499,000 | 2,109,000 | 2,391,000 | 2,323,000 | 2,390,000 | 2,175,000 | 2,327,400 | 2,387,240 | 2,633,400 | 2,578,980 | 2,560,880 | 2,935,980 | 3,070,460 |
| Total assets | US$ in thousands | 7,528,000 | 7,585,000 | 7,671,000 | 7,848,000 | 7,394,000 | 7,641,000 | 7,635,000 | 8,199,000 | 7,628,000 | 7,878,000 | 7,801,000 | 7,999,000 | 7,525,000 | 7,520,820 | 7,490,140 | 7,783,600 | 7,587,000 | 7,700,770 | 7,682,430 | 7,963,520 |
| Debt-to-assets ratio | 0.28 | 0.28 | 0.28 | 0.29 | 0.26 | 0.27 | 0.27 | 0.30 | 0.28 | 0.30 | 0.30 | 0.30 | 0.29 | 0.31 | 0.32 | 0.34 | 0.34 | 0.33 | 0.38 | 0.39 |
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 remained relatively stable over the past several quarters, ranging between 0.26 and 0.39. As of Aug 3, 2024, the ratio stood at 0.28, indicating that 28% of the company's assets are funded by debt. This suggests that a significant portion of the company's assets are financed by equity, providing a cushion against financial risk associated with high debt levels. The consistency in the ratio over time indicates that the company has been managing its debt and assets well, maintaining a healthy balance between debt and equity financing. It is important for investors and stakeholders to continue monitoring this ratio to assess the company's financial leverage and sustainability.
Peer comparison
Aug 3, 2024