United Natural Foods Inc (UNFI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,641,000 | 1,681,000 | 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 |
| Debt-to-capital ratio | 0.56 | 0.56 | 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 |
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 of United Natural Foods Inc has shown some fluctuations over the past few quarters. The ratio has been relatively stable around the range of 0.52 to 0.60, indicating that the company has been financing a significant portion of its operations through debt compared to its capital.
The ratio peaked at 0.73 in the last two quarters, which signifies a higher reliance on debt funding as a proportion of the company's total capital. This could indicate potential risks related to the company's debt levels and its ability to meet debt obligations.
Overall, the trend of the debt-to-capital ratio for United Natural Foods Inc suggests that the company has maintained a moderate to high debt level compared to its capital structure in recent periods, which may warrant further monitoring in terms of financial leverage and risk management strategies.
Peer comparison
Aug 3, 2024