Chuy's Holdings Inc (CHUY)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	0	—	—	—	0	—	—	—	0	—	—	—	0	—	—	25,000	0	—	—	—
Total assets	US$ in thousands	476,634	474,303	487,822	479,433	474,781	479,400	488,616	479,849	495,324	499,427	515,905	498,165	493,675	487,686	486,081	449,414	446,069	448,335	455,193	442,693
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	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

The debt-to-assets ratio of Chuy`s Holdings Inc has remained consistently at 0.00 for all quarters reported in the table. This indicates that the company has not used any debt to finance its assets during the specified periods. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, which generally signifies a lower level of financial risk and a stronger financial position. However, it's important to note that while low or zero debt can be beneficial, it could also indicate that the company is not taking advantage of potential leverage for growth or expansion opportunities. Overall, Chuy`s Holdings Inc's consistent 0.00 debt-to-assets ratio reflects its conservative financial strategy regarding debt usage.