Darden Restaurants Inc (DRI)

Debt-to-assets ratio

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	880,900	885,800	895,100	901,000	916,400	929,000	936,700	929,800	929,700	929,400	929,100	928,800	928,500	928,200	928,000
Total assets	US$ in thousands	11,323,000	11,358,200	11,322,100	11,269,200	10,241,500	10,075,400	10,025,300	10,014,500	10,135,800	10,205,400	10,403,300	10,541,700	10,656,100	10,096,100	9,927,600	9,789,500	9,946,100	9,973,300	9,742,700	9,719,500
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.10	0.10

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 relatively stable over the past two years, hovering around 0.09 to 0.10. This indicates that the company has been able to manage its debt levels in relation to its total assets effectively. A debt-to-assets ratio of 0.09 to 0.10 suggests that a significant portion of the company's assets are financed through debt, which is a common practice in the restaurant industry where significant upfront investments are required. However, it is important to note that this ratio should be viewed in conjunction with other financial metrics to get a comprehensive understanding of the company's overall financial health and risk exposure.