The Cheesecake Factory (CAKE)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Debt-to-equity ratio | 1.02 | 1.19 | 1.26 | 1.42 | 1.48 | 1.46 | 1.44 | 1.56 | 1.60 | 1.45 | 1.29 | 1.31 | 1.41 | 1.45 | 1.63 | 0.88 | 0.97 | 1.17 | 1.07 | 0.91 |
| Financial leverage ratio | 6.86 | 7.41 | 7.70 | 8.54 | 8.93 | 8.63 | 8.50 | 9.15 | 9.50 | 8.45 | 7.67 | 7.75 | 8.47 | 8.44 | 9.57 | 8.64 | 9.52 | 8.78 | 8.15 | 6.39 |
The solvency ratios of The Cheesecake Factory reflect its ability to meet its long-term financial obligations and assess the company's leverage. Over the reporting periods, the Debt-to-assets ratio has remained relatively stable around 0.1 to 0.17, indicating that the company has maintained a low level of debt in relation to its total assets.
The Debt-to-capital ratio shows fluctuations between 0.48 to 0.62, with a gradual decline towards the end of the period. This ratio indicates the proportion of debt used to finance the company's operations compared to its total capital. The decreasing trend suggests a reduction in the reliance on debt financing.
The Debt-to-equity ratio fluctuates between 0.88 to 1.63, with a downward trend in the later periods. This ratio signifies the company's reliance on debt compared to shareholders' equity, with a lower ratio indicating a stronger equity position.
The Financial leverage ratio ranges from 6.39 to 9.57, showing fluctuations in the company's overall leverage level. A decreasing ratio towards the end of the period indicates a potential improvement in the company's ability to cover its debt obligations.
Overall, The Cheesecake Factory's solvency ratios demonstrate a prudent approach to managing debt levels and maintaining financial stability over the reporting periods.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The interest coverage ratio for The Cheesecake Factory is not available for the specified financial periods up to December 31, 2024, as indicated by the data provided. The lack of information on the interest coverage ratio makes it challenging to assess the company's ability to meet its interest obligations with its operating income.
A higher interest coverage ratio typically indicates that a company is more capable of servicing its interest payments on outstanding debt. Conversely, a lower interest coverage ratio may signal potential financial distress, as it may imply that the company's earnings are insufficient to cover its interest expenses.
In the absence of specific data on The Cheesecake Factory's interest coverage ratio, further analysis or additional financial information would be required to evaluate the company's financial health and its ability to manage its debt obligations effectively.