The Chefs Warehouse Inc (CHEF)
Debt-to-assets 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 23, 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 | 688,744 | 666,558 | 660,759 | 667,290 | 664,802 | 689,207 | 709,073 | 654,417 | 653,504 | 493,148 | 392,980 | 393,565 | 394,160 | 394,979 | 395,543 | 396,489 | 398,084 | 396,636 | 397,818 | 495,860 |
| Total assets | US$ in thousands | 1,858,690 | 1,773,630 | 1,715,420 | 1,670,370 | 1,705,310 | 1,658,040 | 1,650,990 | 1,552,130 | 1,509,300 | 1,252,760 | 1,136,880 | 1,091,570 | 1,073,800 | 1,032,010 | 1,010,600 | 962,582 | 974,325 | 1,031,780 | 1,035,400 | 1,106,910 |
| Debt-to-assets ratio | 0.37 | 0.38 | 0.39 | 0.40 | 0.39 | 0.42 | 0.43 | 0.42 | 0.43 | 0.39 | 0.35 | 0.36 | 0.37 | 0.38 | 0.39 | 0.41 | 0.41 | 0.38 | 0.38 | 0.45 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $688,744K ÷ $1,858,690K
= 0.37
The debt-to-assets ratio of The Chefs Warehouse Inc has shown a decreasing trend over the past few years, starting at 0.45 in March 2020 and gradually declining to 0.37 by December 2024. This indicates that the company has been successful in reducing its level of debt relative to its total assets over this period.
A decreasing debt-to-assets ratio is generally viewed positively as it suggests that the company has better financial health and is less reliant on debt to finance its operations. It also signifies a lower risk of financial distress and greater financial stability.
However, it's essential to consider the industry norms and the company's specific circumstances when interpreting this ratio. While a decreasing trend is favorable, it is important to ensure that the company maintains an appropriate balance between debt and assets to support growth and meet its financial obligations.
Peer comparison
Dec 31, 2024