Dine Brands Global Inc (DIN)

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	1,084,500	1,241,910	1,279,600	1,492,000	1,288,250
Total assets	US$ in thousands	1,740,290	1,881,490	1,999,370	2,074,900	2,049,500
Debt-to-assets ratio		0.62	0.66	0.64	0.72	0.63

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,084,500K ÷ $1,740,290K
= 0.62

The debt-to-assets ratio of Dine Brands Global Inc has shown fluctuations over the past five years. As of December 31, 2023, the ratio stood at 0.72, indicating that 72% of the company's assets are financed through debt. This represents a slight decrease from the previous year's ratio of 0.75.

The trend in the debt-to-assets ratio over the five-year period reflects some volatility, with ratios ranging from a low of 0.69 in 2021 to a high of 0.78 in 2020. This suggests varying levels of leverage in the company's capital structure during this period.

Overall, a lower debt-to-assets ratio indicates a lower dependency on debt financing and potentially a stronger financial position in terms of solvency and liquidity. However, it is important to consider other factors such as the cost of debt, the company's ability to service debt obligations, and overall business risk when evaluating the implications of the debt-to-assets ratio.