Brinker International Inc (EAT)

Debt-to-assets ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 23, 2020	Sep 23, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	2,593,100	2,495,700	2,510,700	2,474,800	2,487,000	2,478,100	2,519,600	2,493,800	2,484,400	2,458,800	2,457,300	2,339,400	2,274,900	2,309,000	2,357,700	2,335,300	2,356,000	2,585,400	2,503,700	2,491,000
Debt-to-assets 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	0.00	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

Based on the provided data, Brinker International Inc's debt-to-assets ratio has consistently remained at 0.00 over the past several quarters. A debt-to-assets ratio of 0.00 indicates that the company has not used any debt to finance its assets during the periods in question. This suggests that Brinker International Inc has been primarily using equity financing or retained earnings to fund its operations and acquisitions, rather than relying on debt.

A debt-to-assets ratio of 0.00 can be considered favorable from a financial risk perspective, as it implies that the company has a low level of financial leverage and is not overly reliant on borrowed funds. However, it's important to note that a low debt-to-assets ratio may also indicate missed opportunities for leveraging debt to potentially lower the cost of capital or optimize the capital structure.

Overall, the consistent 0.00 debt-to-assets ratio for Brinker International Inc reflects a conservative financial strategy with minimal reliance on debt financing, which may positively impact the company's financial stability and flexibility in managing its capital structure.