United Natural Foods Inc (UNFI)
Financial leverage ratio
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | Aug 3, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,394,000 | 7,628,000 | 7,525,000 | 7,587,000 | 7,174,340 |
| Total stockholders’ equity | US$ in thousands | 1,743,000 | 1,791,000 | 1,515,000 | 1,145,000 | 1,507,040 |
| Financial leverage ratio | 4.24 | 4.26 | 4.97 | 6.63 | 4.76 |
July 29, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,394,000K ÷ $1,743,000K
= 4.24
The financial leverage ratio of United Natural Foods Inc. has shown fluctuations over the past five years. The ratio decreased from 6.63 in August 1, 2020, to 4.24 in July 29, 2023, indicating an improvement in the company's ability to meet its financial obligations using debt. This could be attributed to better management of debt and capital structure. However, the ratio increased to 4.97 in July 31, 2021, before decreasing again in the following year. Overall, the trend suggests some volatility in the company's leverage position, which should be carefully monitored.
Peer comparison
Jul 29, 2023
Company name
Symbol
Financial leverage ratio
United Natural Foods Inc
UNFI
4.24
Performance Food Group Co
PFGC
3.34
SpartanNash Co
SPTN
3.03
The Chefs Warehouse Inc
CHEF
3.75