The Cheesecake Factory (CAKE)
Debt-to-assets ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 452,062 | 470,047 | 468,032 | 466,017 | 280,000 |
Total assets | US$ in thousands | 3,041,760 | 2,840,380 | 2,775,220 | 2,798,120 | 2,747,050 |
Debt-to-assets ratio | 0.15 | 0.17 | 0.17 | 0.17 | 0.10 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $452,062K ÷ $3,041,760K
= 0.15
The debt-to-assets ratio of The Cheesecake Factory has shown a moderate increase from 0.10 in 2020 to 0.17 in 2021, and has remained stable at 0.17 in 2022 and 2023. It experienced a slight decrease to 0.15 in 2024. This ratio indicates that the company finances a relatively low portion of its assets through debt, suggesting a conservative approach to leverage. Overall, The Cheesecake Factory's debt-to-assets ratio has been within a reasonable range over the years, indicating a balanced capital structure.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
The Cheesecake Factory
CAKE
0.15
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0.00
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