US Foods Holding Corp (USFD)
Debt-to-equity ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,749,000 | 4,692,000 | 4,604,000 | 4,179,000 | 3,961,000 | 3,927,000 | 3,804,000 | 3,722,000 | 3,735,000 | 3,648,000 | 3,573,000 | 3,500,000 | 3,530,000 | 3,515,000 | 3,500,000 | 3,582,000 | 3,709,000 | 3,557,000 | 3,435,000 | 3,310,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,749,000K
= 0.00
Based on the provided data, the debt-to-equity ratio of US Foods Holding Corp has consistently been reported as 0.00 for the past several quarters. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity. This could imply that the company is financing its operations primarily through equity rather than debt. However, it's important to note that a debt-to-equity ratio of 0.00 could also indicate that there may be rounding off or reporting errors in the financial data.
This consistent 0.00 debt-to-equity ratio over multiple quarters suggests that US Foods Holding Corp has a capital structure that is predominantly equity-funded. While a lower debt-to-equity ratio is generally viewed positively as it indicates lower financial leverage and potentially lower financial risk, it's also important to consider the impact of being overly conservative in capital structure decisions on the company's growth opportunities and cost of capital.
Peer comparison
Dec 31, 2023