United Natural Foods Inc (UNFI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,692,000 | 1,699,000 | 1,743,000 | 1,841,000 | 1,842,000 | 1,835,000 | 1,791,000 | 1,785,000 | 1,684,000 | 1,589,000 | 1,515,000 | 1,302,440 | 1,230,220 | 1,150,140 | 1,145,000 | 1,169,820 | 1,102,060 | 1,126,560 | 1,507,040 | 1,532,220 |
| Debt-to-capital ratio | 0.56 | 0.58 | 0.53 | 0.52 | 0.53 | 0.58 | 0.54 | 0.57 | 0.58 | 0.60 | 0.59 | 0.64 | 0.66 | 0.70 | 0.69 | 0.69 | 0.73 | 0.73 | 0.67 | 0.67 |
January 27, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,180,000K ÷ ($2,180,000K + $1,692,000K)
= 0.56
The debt-to-capital ratio of United Natural Foods Inc. has shown slight fluctuations over the past few quarters. In Q2 2024, the ratio was 0.56, which indicates that 56% of the company's capital structure is funded by debt. This was a slight decrease from the previous quarter's ratio of 0.58.
Looking back over the last few quarters, the company has maintained a relatively stable debt-to-capital ratio, hovering around the 0.53 to 0.58 range. While there have been minor fluctuations, the ratio has not shown any significant trends or deviations from this range.
Overall, based on the data available, United Natural Foods Inc. appears to be managing its debt levels within a reasonable range relative to its capital structure, which is important for financial stability and solvency.
Peer comparison
Jan 27, 2024