Name: Debt to Equity

Definition: Debt to equity shows how much debt the company uses compared to the amount invested by its owners. It’s a bit like comparing your mortgage to your house down payment. Higher ratios suggest the business is comfortable borrowing to grow — which can boost returns in good times, but adds risk if conditions worsen. Lower ratios signal a more conservative, steady approach.

Interpretation:
• In '2022', SFD's debt to equity was 0.33, showing the balance between debt financing and shareholders' equity. Industry average for Meat/Poultry/Fish in '2022' stood at 0.81.
• In '2023', SFD's debt to equity was 0.34, showing the balance between debt financing and shareholders' equity. The increase compared to '2022' may signal growing financial pressure. Industry average for Meat/Poultry/Fish in '2023' stood at 0.67. Industry average declined by 0.14 from previous year.
• In '2024', SFD's debt to equity was 0.40, showing the balance between debt financing and shareholders' equity. The increase compared to '2023' may signal growing financial pressure. Industry average for Meat/Poultry/Fish in '2024' stood at 0.66. Industry average declined by 0.01 from previous year.
Overall, SFD's debt to equity has steadily improved over the past 3 years.

Formula: Debt to Equity = Total Debt / Shareholders' Equity

Good Range: Below 1.0 is conservative; 1-2 is common depending on industry.