Darden Restaurants Inc (DRI)

Debt-to-equity ratio

May 31, 2025 Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 May 26, 2024 Feb 29, 2024 Feb 25, 2024 Nov 30, 2023 Nov 26, 2023 Aug 31, 2023 Aug 27, 2023 May 31, 2023 May 28, 2023 Feb 28, 2023 Feb 26, 2023 Nov 30, 2022 Nov 27, 2022 Aug 31, 2022 Aug 28, 2022
Long-term debt US$ in thousands 880,900 885,800 895,100
Total stockholders’ equity US$ in thousands 2,311,300 2,203,000 2,070,900 2,143,700 2,242,500 2,242,500 2,180,900 2,180,900 2,039,700 2,039,700 2,148,000 2,148,000 2,201,500 2,201,500 2,043,900 2,043,900 2,020,900 2,020,900 2,064,100 2,064,100
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.43 0.00 0.44 0.00 0.43

May 31, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,311,300K
= 0.00

The debt-to-equity ratio for Darden Restaurants Inc. fluctuated during the period from August 2022 through mid-2023, with recorded values ranging from 0.00 to 0.44. Specifically, the ratio was 0.43 on August 28, 2022, and similarly remained at approximately 0.44 on November 27, 2022, indicating a modest level of financial leverage during these dates. In the subsequent periods, the ratio declined sharply to 0.00 starting around November 30, 2022, and consistently remained at zero through August 2023 and into 2024 and 2025. This suggests that Darden Restaurants Inc. reduced its debt levels to negligible or zero, relying primarily on equity or other forms of financing that do not reflect in the debt-to-equity metric within this timeframe. The prolonged period of a zero debt-to-equity ratio indicates that the company either deleveraged significantly following the earlier period of modest leverage or that debt was fully paid down or reclassified. From a financial analysis perspective, this substantial reduction in the debt-to-equity ratio implies a conservative approach to leverage, potentially reflecting improved balance sheet strength or strategic capital restructuring.