Aramark Holdings (ARMK)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	12,419,400	16,871,200	15,397,500	15,456,100	15,290,500	15,082,400	14,988,800	14,662,200	14,465,500	14,376,200	14,050,100	14,487,700	14,506,200	15,712,700	15,622,100	14,847,500	14,273,100	13,736,300	13,729,500	13,710,800
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $12,419,400K
= 0.00

Based on the data provided, Aramark Holdings has consistently maintained a debt-to-assets ratio of 0.00 over the past several quarters. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets. This could imply that Aramark Holdings has been operating without relying on borrowed funds to finance its operations or acquisitions.

Having a debt-to-assets ratio of 0.00 can be seen as a positive indicator, reflecting a strong financial position and low financial risk. It suggests that the company has a high level of equity funding relative to its total assets, which can provide a cushion against financial challenges and insulate the company from the risks associated with high levels of debt.

Overall, the consistent 0.00 debt-to-assets ratio for Aramark Holdings indicates a prudent and conservative financial strategy, potentially appealing to investors and creditors who value a low-risk financial profile. However, it's also important to consider the potential limitations of a zero debt-to-assets ratio, such as missed opportunities for leveraging debt for potential growth or tax advantages.