United Natural Foods Inc (UNFI)
Debt-to-equity 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-equity ratio | 1.27 | 1.12 | 1.18 | 1.44 | 2.25 |
August 3, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,081,000K ÷ $1,641,000K
= 1.27
The debt-to-equity ratio for United Natural Foods Inc has fluctuated over the past five years. In the most recent fiscal year ending on August 3, 2024, the ratio stood at 1.27, indicating that the company had $1.27 in debt for every $1 of equity. This represents an increase compared to the prior year, where the ratio was 1.12.
While the current ratio is higher than in 2023, it is still lower than the ratio in 2020, when it reached 2.25. This suggests that the company has reduced its reliance on debt financing since 2020. However, the ratio remains higher than in 2022 when it was 1.18.
Overall, the company's debt-to-equity ratio has shown some volatility in recent years, indicating potential shifts in the company's capital structure and financial leverage. Further analysis of the company's debt repayment capabilities and overall financial health would be needed to fully assess the implications of these fluctuations.
Peer comparison
Aug 3, 2024