United Natural Foods Inc (UNFI)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,641,000 1,743,000 1,791,000 1,515,000 1,145,000
Debt-to-capital ratio 0.56 0.53 0.54 0.59 0.69

August 3, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,081,000K ÷ ($2,081,000K + $1,641,000K)
= 0.56

The debt-to-capital ratio for United Natural Foods Inc has shown a decreasing trend over the past five years, from 0.69 in August 2020 to 0.56 in August 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and growth, and has been using more of its own capital to fund its activities. A lower debt-to-capital ratio generally suggests a stronger financial position and lower financial risk for the company. However, it is important to note that a debt-to-capital ratio of 0.56 still indicates that a significant portion of the company's capital structure is funded by debt. Monitoring the trend of this ratio over time can provide insight into the company's financial health and risk management strategies.


Peer comparison

Aug 3, 2024

Company name
Symbol
Debt-to-capital ratio
United Natural Foods Inc
UNFI
0.56
Performance Food Group Co
PFGC
0.48
SpartanNash Co
SPTN
0.00
The Chefs Warehouse Inc
CHEF
0.59