The Cheesecake Factory (CAKE)

Debt-to-capital 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 stockholders’ equity US$ in thousands 443,455 396,379 373,980 332,438 318,062 321,644 325,903 299,839 292,003 323,496 361,684 355,326 330,166 321,946 284,608 316,514 288,693 322,276 351,929 418,971
Debt-to-capital ratio 0.50 0.54 0.56 0.59 0.60 0.59 0.59 0.61 0.62 0.59 0.56 0.57 0.59 0.59 0.62 0.47 0.49 0.54 0.52 0.48

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $452,062K ÷ ($452,062K + $443,455K)
= 0.50

The debt-to-capital ratio of The Cheesecake Factory has shown some fluctuations over the past few years. The ratio indicates the proportion of the company's total debt in relation to its total capital (debt and equity combined).

From March 31, 2020, to December 31, 2024, the debt-to-capital ratio ranged from 0.48 to 0.62, with the ratio fluctuating between these values. The highest ratio was observed on June 30, 2021, at 0.62, while the lowest ratio was seen on March 31, 2021, at 0.47.

Overall, the ratio has generally remained within a moderate range, indicating that The Cheesecake Factory has maintained a balanced mix of debt and equity in its capital structure. It is important for investors and analysts to monitor this ratio over time to assess the company's leverage and financial risk.