Domino's Pizza Inc Common Stock (DPZ)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | — | — | — | — |
| Debt-to-equity ratio | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — |
Based on the provided data, it appears that Domino's Pizza Inc Common Stock has consistently maintained a Debt-to-assets ratio of 0.00 over the years 2020 to 2024. This indicates that the company's total debt is zero relative to its total assets during these periods, showcasing a strong financial position with no significant debt obligations.
The data also shows that information for Debt-to-capital ratio, Debt-to-equity ratio, and Financial leverage ratio is not available (denoted by "\u2014") for the years under consideration, which limits the ability to analyze the company's solvency using these ratios.
In conclusion, based on the Debt-to-assets ratio provided, Domino's Pizza Inc seems to have a very healthy solvency position with no apparent financial leverage through debt as evidenced by the consistently low Debt-to-assets ratio of 0.00 over the noted years.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 4.69 | 4.32 | 3.89 | 4.26 | 4.22 |
The interest coverage ratio for Domino's Pizza Inc Common Stock has been relatively stable over the past five years. In December 2020, the interest coverage stood at 4.22, indicating that the company earned 4.22 times the amount needed to cover interest expenses. This ratio improved slightly to 4.26 by December 2021, showcasing a positive trend.
However, in December 2022, the interest coverage ratio decreased to 3.89, suggesting a slight weakening in the company's ability to cover interest payments comfortably. The following year, in December 2023, the ratio improved to 4.32, indicating a partial recovery.
By December 2024, the interest coverage ratio further increased to 4.69, demonstrating that Domino's Pizza Inc Common Stock has strengthened its ability to meet interest obligations through its earnings. Overall, the company's interest coverage has shown some variability but has generally remained at a satisfactory level, providing investors with some assurance regarding the company's financial stability in servicing its debt.