Dine Brands Global Inc (DIN)

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	1,084,500	1,084,010	1,083,500	1,174,560	1,241,910	1,281,320	1,280,750	1,280,180	1,279,600	1,279,070	1,278,500	1,271,440	1,492,000	1,494,540	1,497,120	1,506,200	1,288,250	1,287,740	1,287,200	1,274,920
Total assets	US$ in thousands	1,740,290	1,659,580	1,666,550	1,758,070	1,881,490	1,972,020	1,881,770	1,888,280	1,999,370	1,922,500	1,895,920	1,856,290	2,074,900	2,070,920	2,043,270	2,185,470	2,049,500	1,997,510	2,040,660	2,076,120
Debt-to-assets ratio		0.62	0.65	0.65	0.67	0.66	0.65	0.68	0.68	0.64	0.67	0.67	0.68	0.72	0.72	0.73	0.69	0.63	0.64	0.63	0.61

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 for Dine Brands Global Inc has been relatively stable over the past eight quarters, ranging from 0.72 to 0.76. This ratio indicates that, on average, 72% to 76% of the company's assets are financed through debt, while the remaining percentage represents the equity portion.

A ratio above 1 would indicate that the company has more debt than assets, which could be viewed as a higher risk for creditors and investors. Conversely, a lower ratio suggests a lower level of financial risk and a stronger equity position.

In this case, the trend of the debt-to-assets ratio hovering around 0.75 indicates that Dine Brands Global Inc has maintained a balance between debt and assets over the analyzed period. However, it would be essential to consider additional financial metrics and qualitative factors to fully assess the company's overall financial health and risk profile.