United Natural Foods Inc (UNFI)
Debt-to-assets ratio
| 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 | Aug 3, 2019 | Apr 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 3,002,550 | 3,108,880 |
| Total assets | US$ in thousands | 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 | 7,174,340 | 7,327,220 |
| Debt-to-assets ratio | 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 | 0.42 | 0.42 |
January 27, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,180,000K ÷ $7,671,000K
= 0.28
The debt-to-assets ratio of United Natural Foods Inc. has exhibited relatively stable trends over the last eight quarters. The ratio has ranged between 0.27 and 0.31, indicating that, on average, approximately 27% to 31% of the company's assets are financed through debt. The company has maintained a conservative approach to debt financing, with a generally low proportion of debt relative to its total assets.
The slight fluctuations in the ratio suggest that the company has been managing its debt levels effectively. A lower ratio indicates a lesser reliance on debt for financing its operations and investments, which can be viewed positively as it implies lower financial risk.
Overall, the consistent debt-to-assets ratio of United Natural Foods Inc. over the past two years signifies a prudent capital structure and financial stability, showing that the company is maintaining a healthy balance between debt and assets in its financial structure.
Peer comparison
Jan 27, 2024