Domino’s Pizza Inc (DPZ)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 10, 2023 | Jun 18, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 11, 2022 | Jun 19, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 12, 2021 | Jun 20, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 6, 2020 | Jun 14, 2020 | Mar 22, 2020 | Dec 31, 2019 | Sep 8, 2019 | Jun 16, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,674,900 | 1,619,460 | 1,596,170 | 1,641,390 | 1,602,220 | 1,646,410 | 1,670,630 | 1,674,020 | 1,671,820 | 1,764,360 | 1,721,790 | 1,662,830 | 1,567,170 | 1,620,950 | 1,581,690 | 1,389,880 | 1,382,090 | 1,160,270 | 1,177,170 | 1,148,280 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 been fluctuating over the past eight quarters. The ratio has ranged from 2.98 to 3.13 during this period, indicating that the company's proportion of debt relative to its total assets has been relatively high and consistent. A higher debt-to-assets ratio suggests that a larger portion of the company's assets are financed through debt rather than equity.
The sustained level of the ratio around the 3.00 range indicates that Dominos Pizza Inc has been relying significantly on debt to finance its operations and growth. While a high debt-to-assets ratio can be risky, it may also reflect the company's strategic use of leverage to fund expansion or investments that can potentially yield higher returns.
It is essential for investors and stakeholders to monitor this ratio over time, as a significant increase in the debt-to-assets ratio could indicate potential financial distress or issues with the company's ability to repay its debts. Overall, the analysis suggests that Dominos Pizza Inc has been maintaining a consistent level of debt relative to its assets, emphasizing the importance of closely monitoring its financial leverage and debt management strategies.
Peer comparison
Dec 31, 2023