BJs Restaurants Inc (BJRI)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 365,761 | 345,515 | 333,771 | 293,788 | 290,287 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $365,761K)
= 0.00
The debt-to-capital ratio for BJs Restaurants Inc has consistently been reported as 0.00 for the past five years, including the latest available data as of December 31, 2023. This indicates that the company has not utilized any debt in its capital structure, relying solely on equity to finance its operations and investments. A debt-to-capital ratio of 0.00 suggests that the company has a conservative financial policy with minimal financial risk associated with debt obligations. However, it's worth noting that a debt-to-capital ratio of 0.00 may also indicate that the company has significant cash reserves or retained earnings that allow it to fund its operations without the need for borrowing. Further analysis of the company's financial statements and capital structure would be required to fully understand the implications of this consistent low debt-to-capital ratio.
Peer comparison
Dec 31, 2023