BJs Restaurants Inc (BJRI)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $365,761K
= 0.00
The debt-to-equity ratio for BJs Restaurants Inc has consistently been 0.00 for the past five years, indicating that the company has not utilized any debt to finance its operations and growth. This could suggest a conservative financial strategy focused on avoiding excessive leverage and maintaining a strong equity position. However, it is important to note that a debt-to-equity ratio of 0.00 may also raise questions about the company's ability to leverage debt effectively to optimize capital structure and potentially enhance returns for shareholders. Further analysis of the company's overall financial health and risk profile would be necessary to fully evaluate the implications of this consistent debt-to-equity ratio.
Peer comparison
Dec 31, 2023