Chuy's Holdings Inc (CHUY)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	249,847	249,227	261,407	252,578	244,561	248,959	255,750	248,234	262,794	264,195	263,339	249,348	241,858	238,950	235,115	181,396	194,936	195,293	198,292	194,923
Financial leverage ratio		1.91	1.90	1.87	1.90	1.94	1.93	1.91	1.93	1.88	1.89	1.96	2.00	2.04	2.04	2.07	2.48	2.29	2.30	2.30	2.27

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $476,634K ÷ $249,847K
= 1.91

The financial leverage ratio of Chuy`s Holdings Inc has remained relatively stable over the past eight quarters, ranging from 1.87 to 1.94. This indicates that the company's level of financial leverage has been consistent, with a slight fluctuation within a narrow band. A financial leverage ratio around 2 generally suggests that the company relies more on debt financing than equity financing to support its operations and growth. However, it is important to conduct a deeper analysis of the company's capital structure and overall financial health to fully assess the implications of this leverage ratio.