United Natural Foods Inc (UNFI)
Debt-to-equity 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-equity ratio | 1.29 | 1.35 | 1.12 | 1.10 | 1.13 | 1.36 | 1.18 | 1.34 | 1.38 | 1.50 | 1.44 | 1.79 | 1.94 | 2.29 | 2.25 | 2.19 | 2.66 | 2.73 | 1.99 | 2.03 |
January 27, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,180,000K ÷ $1,692,000K
= 1.29
The debt-to-equity ratio of United Natural Foods Inc. has exhibited fluctuations over the past eight quarters. In Q2 2024, the ratio was reported at 1.30, showing a slight decrease from the previous quarter's ratio of 1.37 in Q1 2024. This reduction may indicate a decrease in the company's reliance on debt financing or an increase in shareholder equity.
Comparing the most recent ratio to Q2 2023 where the ratio was 1.14, there has been an increase, suggesting a higher level of debt relative to equity in Q2 2024. Similarly, looking back at the Q4 2022 ratio of 1.21 and the Q3 2022 ratio of 1.36, the current ratio of 1.30 indicates a moderate level of leverage compared to those periods.
Overall, the trend of the debt-to-equity ratio for United Natural Foods Inc. has shown some volatility, with fluctuations above and below the 1.0 benchmark, indicating variations in the company's capital structure and financial leverage over the past two years. Investors and analysts may need to monitor future changes in the ratio to assess the company's risk level and financial health.
Peer comparison
Jan 27, 2024