United Natural Foods Inc (UNFI)
Debt-to-equity 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-equity ratio | 1.12 | 1.18 | 1.44 | 2.25 | 1.99 |
July 29, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,956,000K ÷ $1,743,000K
= 1.12
The debt-to-equity ratio of United Natural Foods Inc. has shown a decreasing trend over the past five years. In 2023, the ratio declined to 1.14 from 1.21 in 2022, indicating a reduction in leverage and a stronger position in terms of solvency. This suggests that the company has been relying less on debt financing and has been able to finance its operations more with equity. However, it's worth noting that the ratio was significantly higher in 2020 and 2019, reaching 2.32 and 2.01 respectively, which may have indicated a higher level of financial risk and reliance on debt during those periods. Overall, the decreasing trend in the debt-to-equity ratio is a positive signal for the company's financial health and stability.
Peer comparison
Jul 29, 2023