Chuy's Holdings Inc (CHUY)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.91 | 1.94 | 1.88 | 2.04 | 2.29 |
Based on the provided data, Chuy`s Holdings Inc has consistently maintained a very low level of debt relative to its assets, capital, and equity over the last five years, with a debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio of 0.00 each year.
However, the financial leverage ratio, which indicates the company's reliance on debt financing, has ranged from 1.88 to 2.29 over the same period. The decreasing trend in the financial leverage ratio from 2019 to 2021 suggests that Chuy`s Holdings Inc has been reducing its debt levels in relation to its equity.
Overall, the solvency ratios indicate that Chuy`s Holdings Inc has maintained a strong financial position with minimal debt obligations, which can provide a sense of stability and financial security for the company in the long term.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 381.69 | 256.74 | 238.90 | -33.25 | 28.16 |
The interest coverage ratio for Chuy's Holdings Inc has shown a fluctuating trend over the past five years. In 2019, the interest coverage ratio was 149.43, indicating that the company generated 149.43 times more operating income than the interest expenses it incurred during that period.
However, in 2020, the interest coverage ratio dropped to 67.12, suggesting a decrease in the company's ability to cover its interest obligations with its operating income. This could be a cause for concern as a lower interest coverage ratio may indicate financial distress or an increased risk of default on interest payments.
In 2021, the interest coverage ratio significantly improved to 309.61, signaling a strong ability to meet interest payments from operating income. This notable improvement may reflect better financial management, increased profitability, or a reduction in interest expenses.
Unfortunately, the data for 2022 and 2023 is not available, making it difficult to assess the current trend in interest coverage for Chuy's Holdings Inc. It is essential for investors and stakeholders to monitor the interest coverage ratio closely to ensure the company's ability to meet its debt obligations and maintain financial stability.