Cracker Barrel Old Country Store (CBRL)

Financial leverage 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
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
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
Financial leverage ratio		4.91	5.06	4.73	4.82	4.58	4.67	4.64	4.69	4.49	4.04	3.81	3.77	3.60	4.08	4.72	4.94	6.08	5.70	3.39	3.53

August 2, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,161,490K ÷ $440,149K
= 4.91

The financial leverage ratio of Cracker Barrel Old Country Store has shown some fluctuations over the past few years. The ratio increased from 3.53 in November 2019 to a peak of 5.06 in April 2024, indicating an increase in the company's reliance on debt to finance its operations and growth during this period. However, the ratio has also experienced some variability, with occasional declines, such as the decrease to 3.77 in January 2022.

Overall, the trend suggests that Cracker Barrel Old Country Store has been managing its financial leverage at relatively high levels, with the ratio consistently above 3.0 in recent years. Investors and analysts may want to closely monitor the company's leverage levels to assess its risk profile and ability to meet debt obligations effectively.