BJs Restaurants Inc (BJRI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,058,450 | 1,045,920 | 1,035,170 | 1,059,420 | 1,072,080 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,058,450K
= 0.00
The debt-to-assets ratio for BJs Restaurants Inc has remained consistently at 0.00 for the past five years, from December 31, 2019, to December 31, 2023. This indicates that the company has not used debt financing to fund its operations and investments, relying instead on its existing equity and other sources of capital. A debt-to-assets ratio of 0.00 signifies that the company's total debt is negligible in relation to its total assets, suggesting a low-risk financial structure and strong financial health. This stable and low debt-to-assets ratio implies that BJs Restaurants Inc has been able to manage its financial obligations without relying on debt to support its asset base.
Peer comparison
Dec 31, 2023