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.