Dine Brands Global Inc (DIN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	-250,974	-273,706	-281,001	-288,683	-301,084	-301,594	-308,656	-265,172	-242,807	-254,317	-282,751	-317,402	-354,651	-356,364	-368,571	-236,377	-241,774	-239,782	-215,125	-190,821
Debt-to-capital ratio		1.30	1.34	1.35	1.33	1.32	1.31	1.32	1.26	1.23	1.25	1.28	1.33	1.31	1.31	1.33	1.19	1.23	1.23	1.20	1.18

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,084,500K ÷ ($1,084,500K + $-250,974K)
= 1.30

Dine Brands Global Inc's debt-to-capital ratio has shown fluctuation over the past eight quarters, ranging from 1.24 to 1.29. The ratio indicates the proportion of the company's capital funded by debt compared to equity.

The ratio has been relatively stable around the 1.27-1.29 range over the last two years, suggesting that the company maintains a consistent level of debt relative to its overall capital structure. However, the slight variability in the ratio may indicate fluctuations in the company's debt levels and capital structure management.

A higher debt-to-capital ratio typically implies a higher reliance on debt financing, which can increase financial risk due to interest payments and repayment obligations. Conversely, a lower ratio may indicate a stronger financial position but could also reflect underutilization of leverage for growth opportunities.

Further analysis of Dine Brands Global Inc's debt levels, profitability, and industry comparisons would provide additional insights into the company's overall financial health and debt management strategy.