Chuy's Holdings Inc (CHUY)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity 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 | 0.14 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Chuy's Holdings Inc has consistently shown a strong solvency position as indicated by its low debt-based ratios across all quarters. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have remained at 0.00, reflecting the absence of debt in the company's capital structure. This implies that the company relies more on equity financing rather than debt to fund its operations and investments.
The financial leverage ratio has been fluctuating around 1.90, indicating that the company has been utilizing moderate financial leverage to support its operations. A ratio of 1.90 suggests that the company's assets are financed through a combination of equity and debt, with a slightly higher proportion of debt relative to equity. However, the variations in this ratio over the quarters are relatively small, indicating a stable financial leverage position for the company.
Overall, Chuy's Holdings Inc's solvency ratios suggest a conservative approach to capital structure management, with a focus on maintaining a healthy balance between debt and equity financing. This stability and low debt reliance can be considered a positive sign of financial health and risk management within the company.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 381.69 | — | — | — | 256.74 | — | 552.06 | 231.71 | 238.90 | 211.97 | 261.28 | 67.02 | -33.25 | -50.20 | -75.82 | -131.84 | 28.16 | 69.81 | 19.27 | 27.96 |
The interest coverage ratio for Chuy`s Holdings Inc displayed a significant improvement in Q2 2022 with a ratio of 711.43, indicating the company's ability to cover its interest expenses over 700 times from its operating profits. However, it is important to note that there is missing data for the subsequent quarters of 2023, which limits a direct comparison to assess the company's current performance in covering its interest obligations. It would be necessary to obtain the complete set of data to provide a more thorough analysis of Chuy`s Holdings Inc's interest coverage trend.