Domino’s Pizza Inc (DPZ)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 1,674,900 | 1,602,220 | 1,671,820 | 1,567,170 | 1,382,090 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,674,900K
= 0.00
The debt-to-assets ratio of Dominos Pizza Inc has fluctuated over the past five years. As of December 31, 2023, the ratio was at 2.98, which indicates that the company had $2.98 in debt for every $1 of assets. This represents a decrease from the previous year where the ratio was 3.13.
Analyzing the trend over the past five years, we can see that the ratio peaked in January 2023 at 3.13, possibly indicating higher debt levels relative to assets at that time. However, in the subsequent years, the ratio decreased to 3.03 in January 2022, then to 2.63 in January 2021, before reverting back to 2.98 in December 2023.
The fluctuations in the debt-to-assets ratio suggest varying levels of leverage and financial risk for Dominos Pizza Inc over the years. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's ability to meet its debt obligations and manage its financial health effectively.
Peer comparison
Dec 31, 2023