SpartanNash Co (SpartanNash Co) Debt-to-Equity

: 1.11 (As of Dec. 2023)

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SpartanNash Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $51 Mil. SpartanNash Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $815 Mil. SpartanNash Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $778 Mil. SpartanNash Co's debt to equity for the quarter that ended in Dec. 2023 was 1.11.

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 SpartanNash Co's Debt-to-Equity or its related term are showing as below:

SPTN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 1 Max: 1.45
Current: 1.11

During the past 13 years, the highest Debt-to-Equity Ratio of SpartanNash Co was 1.45. The lowest was 0.52. And the median was 1.00.

SPTN's Debt-to-Equity is ranked worse than
67.51% of 277 companies
in the Retail - Defensive industry
Industry Median: 0.65 vs SPTN: 1.11

SpartanNash Co Debt-to-Equity Historical Data

The historical data trend for SpartanNash Co'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.

* Premium members only.

SpartanNash Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.45

1.10

0.92

1.03

1.11

SpartanNash Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.03	N/A	1.08	1.05	1.11

Competitive Comparison

For the Food Distribution subindustry, SpartanNash Co'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.

SpartanNash Co Debt-to-Equity Distribution

For the Retail - Defensive industry and Consumer Defensive sector, SpartanNash Co's Debt-to-Equity distribution charts can be found below:

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

SpartanNash Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SpartanNash Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(50.792	+	814.785)	/	778.182
	=	1.11

SpartanNash Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(50.792	+	814.785)	/	778.182
	=	1.11

SpartanNash Co (NAS:SPTN) 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.

SpartanNash Co Debt-to-Equity Related Terms

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SpartanNash Co (SpartanNash Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » SpartanNash Co (NAS:SPTN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SRJ:Germany

Address

850 76th Street SW, P.O. Box 8700, Grand Rapids, MI, USA, 49518-8700

Website

https://www.spartannash.com

SpartanNash Co is a food solutions company that delivers the ingredients for a better life. The company operates in two segments: Retail and Wholesale. The Company's Wholesale segment uses a multi-channel sales approach to distribute national brand and private brand products to independent retailers, national accounts, food service distributors, e-commerce providers, and the Company's corporate owned retail stores. Majority of the revenue is earned from wholesale segment.

Executives

Kerrie D. Macpherson	director	5790 WIDEWATERS PARKWAY, C/O COMMUNITY BANK SYSTEM INC., DEWITT NY 13214
William R Voss	director	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Hawthorne L. Proctor	director	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Bennett John Morgan	officer: SVP and Chief Mdsing Officer	850 76TH STREET SW, GRAND RAPIDS MI 49518
Matthew Mannelly	director	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Yvonne Trupiano	officer: Sr. VP Chief HR Officer	850 76TH STREET SW, PO BOX 8700, GRAND RAPIDS MI 49518
Pamela Puryear	director	253 DOLPHIN COVE QUAY, STAMFORD CT 06902
Julien Mininberg	director	ONE HELEN OF TROY PLAZA, EL PASO TX 79912
Jaymin B Patel	director	C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Frank Gambino	director	C/O 850 - 76TH STREET SW, GRAND RAPIDS MI 49518
Ileana Mcalary	officer: SVP CLO and Secretary	850 76TH STREET SW, GRAND RAPIDS MI 49518
Kathleen M Mahoney	officer: Exec VP Gen Counsel and Secy	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Robert Todd Riksen	officer: VP, Corporate Controller	850 76TH STREET SW, GRAND RAPIDS MI 49518
Masiar Tayebi	officer: E.V.P., Chief Strategy Officer	850 76TH STREET SW, GRAND RAPIDS MI 49518
David J Petko	officer: Senior VP Supply Chain	850 76TH STREET SW, GRAND RAPIDS MI 49518