Utz Brands (Utz Brands) Debt-to-Equity : 1.47 (As of Dec. 2023)

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What is Utz Brands Debt-to-Equity?

Utz Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $44 Mil. Utz Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $942 Mil. Utz Brands's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $669 Mil. Utz Brands's debt to equity for the quarter that ended in Dec. 2023 was 1.47.

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 Utz Brands's Debt-to-Equity or its related term are showing as below:

UTZ' s Debt-to-Equity Range Over the Past 10 Years
Min: -26.11 Med: 1.41 Max: 1.47
Current: 1.47

During the past 6 years, the highest Debt-to-Equity Ratio of Utz Brands was 1.47. The lowest was -26.11. And the median was 1.41.

UTZ's Debt-to-Equity is ranked worse than
87.26% of 1640 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs UTZ: 1.47

Utz Brands Debt-to-Equity Historical Data

The historical data trend for Utz 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.

* Premium members only.

Utz Brands Debt-to-Equity Chart

Utz Brands Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-26.11

1.47

1.34

1.41

1.47

Utz Brands 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															1.41	1.46	1.53	1.42	1.47

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

For the Packaged Foods subindustry, Utz 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.

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

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

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

Utz Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Utz Brands'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
	=	(43.727	+	941.613)	/	669.496
	=	1.47

Utz Brands'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
	=	(43.727	+	941.613)	/	669.496
	=	1.47

Utz Brands (NYSE:UTZ) 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.

Utz Brands Debt-to-Equity Related Terms

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

Utz Brands (Utz Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Utz Brands Inc (NYSE:UTZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 High Street, Hanover, PA, USA, 17331

Website

https://www.utzsnacks.com

Utz Brands Inc is a snack food manufacturing company. It manufactures a diverse portfolio of salty snacks under popular brands including Utz, Zapp's, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TORTIYAHS!, among others. The company's products include potato chips, pretzels, cheese snacks, pork skins, pub/party mixes, and veggie snacks. Its products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug, and other channels. It operates in the given segment: the manufacturing, distribution, marketing and sale of snack food products.

Executives

Theresa Robbins Shea	officer: EVP and General Counsel	900 HIGH STREET, HANOVER PA 17331
Jennifer Bentz	officer: EVP, Insights, Innov & Mktg	900 HIGH STREET, HANOVER PA 17331
Dylan Lissette	director, officer: Chief Executive Officer	860 WESTMINSTER AVENUE, HANOVER PA 17331
Roger K Deromedi	director, 10 percent owner, officer: Chairman	900 HIGH STREET, HANOVER PA 17331
Chinh Chu	10 percent owner	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Cc Collier Holdings, Llc	10 percent owner	C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166
Howard A Friedman	director, officer: CEO	900 HIGH STREET, HANOVER PA 17331
Chad Whyte	officer: EVP, Supply Chain	900 HIGH STREET, HANOVER PA 17331
Pamela J Stewart	director	900 HIGH STREET, HANOVER PA 17331
Shannan Redcay	officer: EVP, Manufacturing	900 HIGH STREET, HANOVER PA 17331
Cary Devore	officer: EVP & CFO	900 HIGH STREET, HANOVER PA 17331
Shane Chambers	officer: EVP & Chief Growth Officer	900 HIGH STREET, HANOVER PA 17331
John W Altmeyer	director	946 HIGHMEADOW COURT, LANCASTER PA 17601
Antonio F. Fernandez	director	C/O PINNACLE FOODS INC., 399 JEFFERSON ROAD, PARSIPPANY NJ 07054
Ajay Kataria	officer: EVP, Finance & Accounting	900 HIGH STREET, HANOVER PA 17331