Dine Brands Global Inc (DIN)
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 | 0.62 | 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 |
| 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 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The solvency ratios of Dine Brands Global Inc indicate the company's ability to meet its long-term financial obligations and the extent to which it relies on debt financing.
1. Debt-to-assets ratio: This ratio measures the proportion of the company's assets that are financed by debt. Dine Brands Global Inc's debt-to-assets ratio has been relatively stable around 0.75 in recent quarters, indicating that approximately 75% of the company's assets are funded by debt.
2. Debt-to-capital ratio: This ratio shows the percentage of the company's capital structure that is financed by debt. Dine Brands Global Inc's debt-to-capital ratio has fluctuated slightly but has generally remained above 1, suggesting that more than 50% of the company's capital comes from debt financing.
3. Debt-to-equity ratio: The data provided does not include the debt-to-equity ratio, which typically compares total debt to shareholders' equity. This ratio helps assess the extent to which shareholders are exposed to debt risk.
4. Financial leverage ratio: Similarly, the financial leverage ratio is not available in the provided data. This ratio evaluates the company's reliance on debt in its capital structure and offers insights into the potential impact of debt on the company's profitability and solvency.
Overall, based on the available data, Dine Brands Global Inc appears to maintain a moderate level of leverage, with a consistent debt-to-assets ratio around 0.75 and a debt-to-capital ratio above 1. It would be beneficial to consider additional solvency ratios, such as the debt-to-equity and financial leverage ratios, for a more comprehensive assessment of the company's financial health.
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 | 2.51 | 2.49 | 2.61 | 2.78 | 2.70 | 2.80 | 2.81 | 2.88 | 2.71 | 2.25 | 1.94 | -0.47 | -0.43 | 0.01 | 0.31 | 2.83 | 2.97 | 3.18 | 3.16 | 3.06 |
Interest coverage is a key financial ratio used to assess a company's ability to meet its interest payments on outstanding debt. Dine Brands Global Inc's interest coverage ratio has been relatively stable over the past eight quarters, ranging from 2.60 to 3.07. The interest coverage ratio measures the company's ability to pay interest expenses from its operating income. A higher ratio indicates that the company is more capable of meeting its interest obligations.
In the case of Dine Brands Global Inc, the interest coverage ratio has generally remained above 2.5, suggesting that the company has sufficient earnings to cover its interest expenses. However, the slight downward trend in the ratio over the quarters should be monitored to ensure that the company's profitability remains sufficient to cover its interest costs. Overall, a consistent interest coverage ratio above 2 indicates that Dine Brands Global Inc has a healthy financial position in terms of meeting its interest payments.