Darden Restaurants Inc (DRI)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,242,500	2,180,900	2,039,700	2,148,000	2,201,500	2,043,900	2,020,900	2,064,100	2,198,200	2,285,800	2,543,000	2,752,400	2,813,100	2,575,500	2,455,100	2,375,000	2,331,200	2,341,200	2,273,700	2,381,300
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.30	0.30	0.30	0.29	0.29	0.27	0.25	0.25	0.27	0.27	0.28	0.28	0.28	0.29	0.28

May 26, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,242,500K)
= 0.00

The debt-to-capital ratio of Darden Restaurants Inc has been relatively stable over the periods analyzed, ranging from 0.25 to 0.30. This indicates that the company has maintained a conservative approach to leverage, with a significant portion of its capital structure funded by equity rather than debt. The consistent low levels of debt relative to capital suggest a strong financial position and lower financial risk for the company. It appears that Darden Restaurants Inc has been managing its capital structure prudently, balancing the use of debt financing with equity to support its operations and growth objectives.