US Foods Holding Corp (USFD)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 13,187,000 | 12,773,000 | 12,521,000 | 12,423,000 | 11,288,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $13,187,000K
= 0.00
The debt-to-assets ratio for US Foods Holding Corp has consistently been reported as 0.00 over the past five years (from 2019 to 2023). This indicates that the company has not had any debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has been either using entirely equity financing or has a negligible amount of debt in relation to its assets. This may imply a conservative financial strategy focused on maintaining a strong balance sheet with low levels of debt, which could be advantageous in terms of financial stability and risk management.
Peer comparison
Dec 31, 2023