United Natural Foods Inc (UNFI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 7,174,340 | 7,327,220 |
| 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 |
| Financial leverage ratio | 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 | 4.76 | 4.78 |
January 27, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,671,000K ÷ $1,692,000K
= 4.53
United Natural Foods Inc.'s financial leverage ratio has displayed some fluctuation over the past eight quarters, ranging from a low of 4.14 in Q2 2023 to a high of 4.62 in Q1 2024. The ratio measures around the 4.4 level, indicating that the company relies significantly on debt to finance its operations and investments. The downward trend from Q2 2023 to Q4 2023 followed by the slight uptick in Q1 2024 suggests a potential increase in debt relative to equity during that period. This trend may indicate increased financial risk due to higher interest payments and potential difficulties in meeting debt obligations. Continued monitoring of the financial leverage ratio is advised to assess the company's debt management and financial stability.
Peer comparison
Jan 27, 2024