Cracker Barrel Old Country Store (CBRL)

Debt-to-assets ratio

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Long-term debt	US$ in thousands	476,581	472,216	452,278	475,340	414,904	444,545	454,111	483,679	423,249	372,894	327,358	376,974	327,253	575,349	835,049	910,000	910,000	940,000	460,000	485,000
Total assets	US$ in thousands	2,161,490	2,157,090	2,185,060	2,219,630	2,218,090	2,213,470	2,256,710	2,287,050	2,294,910	2,279,130	2,302,440	2,372,740	2,391,690	2,642,920	2,872,040	2,920,120	2,544,260	2,235,880	2,136,920	2,137,890
Debt-to-assets ratio		0.22	0.22	0.21	0.21	0.19	0.20	0.20	0.21	0.18	0.16	0.14	0.16	0.14	0.22	0.29	0.31	0.36	0.42	0.22	0.23

August 2, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $476,581K ÷ $2,161,490K
= 0.22

The debt-to-assets ratio of Cracker Barrel Old Country Store has shown fluctuations over the past few years. The ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio indicates a lower level of financial risk and greater financial stability.

From the data provided, we observe that the debt-to-assets ratio has ranged from 0.14 to 0.42 over the past two years. The ratio increased to 0.42 in October 2020 but has generally decreased since then, reaching a low of 0.14 in January 2021 before increasing again.

Overall, the trend in the debt-to-assets ratio suggests that Cracker Barrel Old Country Store has been actively managing its debt levels relative to its asset base. A lower ratio indicates a healthier financial position as it means the company relies less on debt to finance its operations and investments. However, it is important to monitor future developments to ensure that the company maintains a balanced capital structure and does not become overly leveraged.