United Natural Foods Inc (UNFI)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.28 | 0.28 | 0.28 | 0.29 | 0.26 | 0.27 | 0.27 | 0.30 | 0.28 | 0.30 | 0.30 | 0.30 | 0.29 | 0.31 | 0.32 | 0.34 | 0.34 | 0.33 | 0.38 | 0.39 |
| Debt-to-capital ratio | 0.56 | 0.56 | 0.56 | 0.58 | 0.53 | 0.52 | 0.53 | 0.58 | 0.54 | 0.57 | 0.58 | 0.60 | 0.59 | 0.64 | 0.66 | 0.70 | 0.69 | 0.69 | 0.73 | 0.73 |
| 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 |
| 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 |
United Natural Foods Inc has maintained a relatively stable debt-to-assets ratio around 0.28 to 0.30 over the past two years, indicating that approximately 28% to 30% of its total assets are financed by debt. The debt-to-capital ratio has also been consistent around 0.53 to 0.58 during the same period, showing that debt comprises approximately 53% to 58% of the company's capital structure.
In terms of debt-to-equity ratio, United Natural Foods Inc has exhibited some fluctuations, ranging from 1.10 to 1.79 in the past two years. This ratio peaked at 1.79 in May 2021, indicating that the company had higher levels of debt relative to equity at that time. The financial leverage ratio, which measures the company's total assets relative to equity, has also varied but generally remained high, ranging from 4.15 to 7.07 over the same period.
Overall, United Natural Foods Inc has maintained a moderate level of leverage, with a significant portion of its assets financed by debt. Investors and stakeholders should continue to monitor these solvency ratios to assess the company's ability to meet its financial obligations and manage its debt levels effectively.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.73 | -0.35 | -0.14 | 0.18 | 1.01 | 2.03 | 2.63 | 3.00 | 2.96 | 2.91 | 2.64 | 2.49 | 1.90 | 1.87 | 1.95 | 1.40 | -0.90 | -0.68 | -0.79 | -2.45 |
The interest coverage ratio of United Natural Foods Inc has fluctuated over the past few years, indicating varying levels of the company's ability to cover its interest expenses. A ratio below 1 suggests that the company is not generating enough operating income to cover its interest payments, which can be a cause for concern.
The company had particularly low interest coverage ratios in April 2024, January 2024, and October 2023, indicating a potential risk of financial distress during those periods. However, it's positive to note that the interest coverage ratio improved in recent quarters, reaching above 2 in April 2023 and continuing to increase thereafter.
Overall, while there have been periods of financial vulnerability, the improving trend in the interest coverage ratio in recent quarters is a positive sign for the company's ability to meet its interest obligations and manage its financial health. It would be important to continue monitoring this ratio to ensure the company's long-term financial stability.