US Foods Holding Corp (USFD)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,749,000 | 3,961,000 | 3,735,000 | 3,530,000 | 3,709,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,749,000K)
= 0.00
The debt-to-capital ratio of US Foods Holding Corp has consistently been reported as 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not used any debt to finance its operations relative to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company relies entirely on equity financing rather than debt to fund its operations and investments. This may reflect a conservative financial approach by the company, as it implies lower financial leverage and potentially lower risk due to the absence of debt obligations. However, it is also important to note that a zero debt-to-capital ratio may limit the company's ability to take advantage of tax benefits associated with debt financing and potentially restrict its ability to undertake large-scale investments or acquisitions that could enhance growth.
Peer comparison
Dec 31, 2023