United Natural Foods Inc (UNFI)
Debt-to-equity 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-equity ratio | 1.27 | 1.28 | 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 |
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 of United Natural Foods Inc has shown fluctuations over the last several quarters, indicating changes in the company's capital structure. The ratio has generally been above 1, suggesting that the company relies more on debt financing compared to equity.
The ratio peaked at 2.73 in Nov 2019, indicating a relatively high level of debt compared to equity at that time. Thereafter, it showed a downward trend before starting to increase again. This fluctuation may indicate shifts in the company's overall financial leverage and risk profile.
The highest recent ratio was recorded in Jan 2021 at 1.94, followed by a decrease to 1.13 in Jan 2023. This suggests that the company made efforts to reduce debt levels, which were reflected in a lower ratio. However, the ratio saw an uptrend thereafter, reaching 2.29 in Oct 2020 and peaking at 2.73 in Nov 2019.
Overall, the debt-to-equity ratio of United Natural Foods Inc has displayed volatility, indicating changes in the company's mix of debt and equity financing. It may be important for stakeholders to monitor this ratio to assess the company's financial risk and leverage position over time.
Peer comparison
Aug 3, 2024