Darden Restaurants Inc (DRI)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00 0.43 0.44 0.43 0.41 0.40 0.37 0.34 0.33 0.36 0.38 0.39 0.40 0.40 0.41 0.39

May 26, 2024 calculation

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

The debt-to-equity ratio of Darden Restaurants Inc has shown a decreasing trend over the past few quarters, indicating a lower reliance on debt financing compared to equity. The ratio was consistently at 0.00 from May 26, 2024 to Aug 27, 2023, suggesting no debt in the capital structure. However, starting from Nov 27, 2022, the ratio began to increase gradually, reaching a peak of 0.44 on Feb 26, 2023. Since then, there has been a downward trend, with the ratio fluctuating around 0.40 in more recent quarters.

The downward trend in the debt-to-equity ratio suggests that Darden Restaurants Inc has been actively managing its debt levels and moving towards a more balanced capital structure. This could be viewed positively by investors and creditors as it indicates a lower financial risk and potentially better financial health for the company. Monitoring this ratio over time will provide insights into Darden Restaurants Inc's long-term financial leverage and stability.