The Chefs Warehouse Inc (CHEF)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 664,802 | 653,504 | 394,160 | 398,084 | 386,106 |
| Total stockholders’ equity | US$ in thousands | 454,672 | 401,509 | 350,211 | 344,590 | 335,933 |
| Debt-to-equity ratio | 1.46 | 1.63 | 1.13 | 1.16 | 1.15 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $664,802K ÷ $454,672K
= 1.46
The debt-to-equity ratio of The Chefs Warehouse Inc has fluctuated over the past five years, indicating varying levels of reliance on debt financing relative to equity. The trend shows an increasing ratio from 1.15 in 2019 to 1.63 in 2022, suggesting a potentially higher debt burden. However, in 2023, there is a notable decrease in the ratio to 1.46, which may indicate a slight improvement in the company's debt position relative to equity. Overall, while the ratio has shown some volatility, it is important to further investigate the company's debt management strategies and financial health to gain a comprehensive understanding of its capital structure.
Peer comparison
Dec 31, 2023