Chuy's Holdings Inc (CHUY)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	0	0	0	0	0
Total assets	US$ in thousands	476,634	474,781	495,324	493,675	446,069
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $476,634K
= 0.00

Based on the data provided, Chuy`s Holdings Inc has consistently maintained a debt-to-assets ratio of 0.00 for the past five years, indicating that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that Chuy`s Holdings Inc has been relying primarily on equity funding to support its operations and growth. This may indicate a strong financial position and a conservative approach to capital structure management. It is essential to monitor this ratio over time to assess changes in the company's debt levels and their impact on its financial health and risk profile.