Cracker Barrel Old Country Store (CBRL)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	440,149	426,557	461,967	460,252	483,825	473,868	486,493	487,513	511,479	564,229	604,104	629,215	663,633	648,113	608,611	591,612	418,389	392,209	629,930	605,784
Debt-to-equity ratio		1.08	1.11	0.98	1.03	0.86	0.94	0.93	0.99	0.83	0.66	0.54	0.60	0.49	0.89	1.37	1.54	2.18	2.40	0.73	0.80

August 2, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $476,581K ÷ $440,149K
= 1.08

The debt-to-equity ratio of Cracker Barrel Old Country Store has shown fluctuations over the past few years, ranging from a low of 0.49 to a high of 2.40. A higher debt-to-equity ratio indicates a greater reliance on debt financing compared to equity, which may increase financial risk.

The trend in the debt-to-equity ratio for Cracker Barrel Old Country Store has been somewhat erratic, with periods of higher leverage followed by decreases in debt relative to equity. Most recently, as of August 2, 2024, the debt-to-equity ratio was 1.08, suggesting a moderate level of leverage. This ratio has been relatively stable in the range of 0.83 to 1.11 over the last few reporting periods.

It is important for investors and analysts to monitor changes in the debt-to-equity ratio, as it can provide insights into the company's capital structure, financial health, and risk profile. Fluctuations in this ratio may indicate shifts in the company's financing strategy or overall financial performance. Further analysis of the company's debt levels, profitability, and ability to service its debt obligations would be beneficial in gaining a comprehensive understanding of Cracker Barrel Old Country Store's financial position.