Darden Restaurants Inc (DRI)
Debt-to-assets ratio
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 11,323,000 | 11,323,000 | 10,241,500 | 10,241,500 | 10,135,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,323,000K
= 0.00
The debt-to-assets ratio for Darden Restaurants Inc has consistently remained at 0.00 from May 31, 2022, to May 31, 2024. This indicates that the company has been financing its assets without relying on debt during this period. A low or zero debt-to-assets ratio implies that the company's assets are primarily funded through equity rather than debt, which may signal financial stability and lower financial risk. Investors and creditors typically view a low debt-to-assets ratio positively, as it suggests a strong financial position and the ability to weather economic downturns. However, it's important to consider other financial metrics and industry benchmarks for a comprehensive assessment of Darden Restaurants Inc's financial health.
Peer comparison
May 31, 2024