Brinker International Inc (EAT)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,593,100 | 2,487,000 | 2,484,400 | 2,274,900 | 2,356,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,593,100K
= 0.00
The debt-to-assets ratio of Brinker International Inc has been consistently at 0.00 for the past five years, indicating that the company has not relied on debt to finance its assets during this period. This may suggest a conservative financial approach with a lower risk of financial distress associated with high debt levels. However, it is important to note that a very low debt-to-assets ratio may also indicate underutilization of debt to potentially leverage operations or growth opportunities. Overall, Brinker International Inc's stable and low debt-to-assets ratio reflects a relatively strong financial position with a conservative capital structure.
Peer comparison
Jun 30, 2024