United Natural Foods Inc (UNFI)
Financial leverage ratio
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,528,000 | 7,394,000 | 7,628,000 | 7,525,000 | 7,587,000 |
| Total stockholders’ equity | US$ in thousands | 1,641,000 | 1,743,000 | 1,791,000 | 1,515,000 | 1,145,000 |
| Financial leverage ratio | 4.59 | 4.24 | 4.26 | 4.97 | 6.63 |
August 3, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,528,000K ÷ $1,641,000K
= 4.59
United Natural Foods Inc's financial leverage ratio has fluctuated over the past five years. The ratio decreased from 6.63 in 2020 to 4.26 in 2022, indicating an improvement in the company's leverage position. However, the ratio increased to 4.97 in 2021 before decreasing again to 4.24 in 2023. In the most recent period, the ratio stood at 4.59, indicating that the company is utilizing more debt compared to equity in its capital structure. Overall, the trend suggests some variability in the company's leverage position, which may impact its financial risk and ability to meet its debt obligations.
Peer comparison
Aug 3, 2024