Chuy's Holdings Inc (CHUY)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	249,847	244,561	262,794	241,858	194,936
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $249,847K)
= 0.00

The debt-to-capital ratio of Chuy's Holdings Inc has been consistently reported as 0.00 over the past five years, from December 2019 to December 2023. This implies that the company has not had any debt in its capital structure during this period. A debt-to-capital ratio of 0 indicates that the company's capital structure is entirely composed of equity financing, with no reliance on borrowed funds. This can be viewed positively as it signifies a low financial risk and potentially lower interest expenses due to the lack of debt. However, it's also important to consider that an extremely low debt-to-capital ratio may limit the company's financial flexibility and ability to take advantage of opportunities that leverage could provide. Overall, Chuy's Holdings Inc's consistent 0.00 debt-to-capital ratio suggests a cautious approach to leveraging that emphasizes equity financing.