Conagra Brands (FRA:CAO) Debt-to-Equity : 0.95 (As of Feb. 2024)

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What is Conagra Brands Debt-to-Equity?

Conagra Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €1,099 Mil. Conagra Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €6,945 Mil. Conagra Brands's Total Stockholders Equity for the quarter that ended in Feb. 2024 was €8,487 Mil. Conagra Brands's debt to equity for the quarter that ended in Feb. 2024 was 0.95.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Conagra Brands's Debt-to-Equity or its related term are showing as below:

FRA:CAO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 1.09 Max: 2.34
Current: 0.95

During the past 13 years, the highest Debt-to-Equity Ratio of Conagra Brands was 2.34. The lowest was 0.71. And the median was 1.09.

FRA:CAO's Debt-to-Equity is ranked worse than
76.42% of 1637 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs FRA:CAO: 0.95

Conagra Brands Debt-to-Equity Historical Data

The historical data trend for Conagra Brands's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Conagra Brands Debt-to-Equity Chart

Conagra Brands Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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1.45

1.26

1.08

1.05

1.08

Conagra Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															1.04	1.08	1.04	1.01	0.95

Competitive Comparison of Conagra Brands's Debt-to-Equity

For the Packaged Foods subindustry, Conagra Brands's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Conagra Brands's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Conagra Brands's Debt-to-Equity falls into.

Conagra Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Conagra Brands's Debt to Equity Ratio for the fiscal year that ended in May. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1984.808	+	6686.468)	/	8037.856
	=	1.08

Conagra Brands's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1098.958	+	6944.899)	/	8486.592
	=	0.95

Conagra Brands (FRA:CAO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Conagra Brands Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Conagra Brands's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Conagra Brands (FRA:CAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Conagra Brands Inc (FRA:CAO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CAG:USA CAO:Germany

Address

222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654

Website

https://www.conagrabrands.com

Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the U.S. retail channel, with just 8% of fiscal 2023 revenue coming from international markets and 9% from foodservice.

Conagra Brands (FRA:CAO) Headlines

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