Darden Restaurants Inc (DRI)

Debt-to-equity ratio

May 31, 2024 May 26, 2024 May 31, 2023 May 28, 2023 May 31, 2022
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 2,242,500 2,242,500 2,201,500 2,201,500 2,198,200
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00

May 31, 2024 calculation

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

Based on the data provided, Darden Restaurants Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past few years, including as of May 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity, implying that the company is entirely financed by equity rather than debt. This signifies a strong financial position with lower financial risk as there is no debt burden on the company's operations.