Darden Restaurants Inc (DRI)
Debt-to-assets ratio
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 901,000 | 929,800 | 928,800 |
| Total assets | US$ in thousands | 11,323,000 | 10,241,500 | 10,135,800 | 10,656,100 | 9,946,100 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.09 | 0.09 | 0.09 |
May 26, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,323,000K
= 0.00
The debt-to-assets ratio of Darden Restaurants Inc has remained consistent at 0.09 from May 30, 2020, to May 29, 2022, and then decreased to 0.00 in the last two reported years, May 28, 2023, and May 26, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets, which may signify a strong financial position with low financial risk. However, it is important to note that a very low debt-to-assets ratio could also imply underutilization of debt to finance operations and potential missed opportunities for leveraging debt for growth. Further analysis of the company's capital structure and future prospects is recommended to gain a comprehensive understanding of its financial health.
Peer comparison
May 26, 2024