United Natural Foods Inc (UNFI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,528,000 | 7,585,000 | 7,671,000 | 7,848,000 | 7,394,000 | 7,641,000 | 7,635,000 | 8,199,000 | 7,628,000 | 7,878,000 | 7,801,000 | 7,999,000 | 7,525,000 | 7,520,820 | 7,490,140 | 7,783,600 | 7,587,000 | 7,700,770 | 7,682,430 | 7,963,520 |
| 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 |
| Financial leverage ratio | 4.59 | 4.51 | 4.53 | 4.62 | 4.24 | 4.15 | 4.14 | 4.47 | 4.26 | 4.41 | 4.63 | 5.03 | 4.97 | 5.77 | 6.09 | 6.77 | 6.63 | 6.58 | 6.97 | 7.07 |
August 3, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,528,000K ÷ $1,641,000K
= 4.59
The financial leverage ratio of United Natural Foods Inc has shown some fluctuations over the past few years. The ratio has ranged from a low of 4.14 in January 2023 to a high of 7.07 in November 2019, indicating varying levels of leverage in the company's capital structure during this period. In general, the ratio has trended upwards, with some peaks and valleys along the way.
A financial leverage ratio above 1 indicates that the company has more debt than equity in its capital structure, with a higher ratio suggesting a higher level of financial risk. United Natural Foods Inc's ratio has consistently been well above 1, reflecting a significant reliance on debt to finance its operations and investments.
Investors and creditors may view the increasing trend in the financial leverage ratio with caution, as it indicates a potential for higher financial risk and lower financial flexibility. It is important for the company to manage its leverage effectively to maintain a balanced capital structure and ensure sustainability in the long term.
Peer comparison
Aug 3, 2024