The Cheesecake Factory (CAKE)
Debt-to-assets ratio
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 452,062 | 471,558 | 471,054 | 470,551 | 470,047 | 469,543 | 469,040 | 468,536 | 468,032 | 467,528 | 467,025 | 466,521 | 466,017 | 465,514 | 465,010 | 280,000 | 280,000 | 376,000 | 376,000 | 380,000 |
Total assets | US$ in thousands | 3,041,760 | 2,935,790 | 2,879,590 | 2,837,640 | 2,840,380 | 2,776,890 | 2,769,710 | 2,742,490 | 2,775,220 | 2,734,070 | 2,772,430 | 2,753,740 | 2,798,120 | 2,717,720 | 2,722,290 | 2,735,440 | 2,747,050 | 2,828,060 | 2,867,280 | 2,675,780 |
Debt-to-assets ratio | 0.15 | 0.16 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.10 | 0.10 | 0.13 | 0.13 | 0.14 |
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 general trend of stability over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.14 on March 31, 2020, and decreased slightly to 0.10 by December 31, 2020. However, from June 30, 2021, to December 31, 2024, the ratio remained relatively constant at around 0.16 to 0.17.
A debt-to-assets ratio of 0.17 indicates that for every dollar of assets, The Cheesecake Factory has $0.17 of debt. This suggests that the company relies moderately on debt financing to support its operations and investments, with a significant portion of its assets funded by creditors.
The stability of the debt-to-assets ratio can signify that The Cheesecake Factory has been maintaining a healthy balance between debt and assets, potentially indicating a sustainable financial position. However, further analysis of the company's overall financial health and strategic decisions would be necessary to assess the implications of this debt ratio on its long-term performance and risk profile.
Peer comparison
Dec 31, 2024