United Natural Foods Inc (UNFI)
Debt-to-capital ratio
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | Aug 3, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,956,000 | 2,109,000 | 2,175,000 | 2,578,980 | 3,002,550 |
| Total stockholders’ equity | US$ in thousands | 1,743,000 | 1,791,000 | 1,515,000 | 1,145,000 | 1,507,040 |
| Debt-to-capital ratio | 0.53 | 0.54 | 0.59 | 0.69 | 0.67 |
July 29, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,956,000K ÷ ($1,956,000K + $1,743,000K)
= 0.53
The debt-to-capital ratio of United Natural Foods Inc. has shown a downward trend over the past five years, declining from 0.67 in 2019 to 0.53 in 2023. This suggests that the company has reduced its reliance on debt financing relative to its capital structure. A decreasing trend in the debt-to-capital ratio indicates a lower financial risk and improved solvency. The declining ratio may be attributed to decreasing levels of debt or increasing capital, which can be a positive sign for stakeholders. However, it is important to consider the overall economic and industry conditions when interpreting this trend.
Peer comparison
Jul 29, 2023