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Relatively High Debt to Asset Ratio Detected in Shares of Ingles Markets-A in the Food Retail Industry (IMKTA, KR, SFS, CASY, SFM)

By Amy Schwartz

Below are the three companies in the Food Retail industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Ingles Markets-A ranks highest with a a debt to asset ratio of 50.65. Kroger Co is next with a a debt to asset ratio of 41.91. Smart & Final St ranks third highest with a a debt to asset ratio of 38.64.

Casey'S General follows with a a debt to asset ratio of 30.58, and Sprouts Farmers rounds out the top five with a a debt to asset ratio of 30.52.

SmarTrend recommended that subscribers consider buying shares of Sprouts Farmers on March 17th, 2020 as our technology indicated a new Uptrend was in progress when shares hit $18.44. Since that recommendation, shares of Sprouts Farmers have risen 3.0%. We continue to monitor Sprouts Farmers for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio ingles markets-a kroger co smart & final st :casy casey's general sprouts farmers

Ticker(s): IMKTA KR SFS SFM