Jack In The Box Inc (JACK)
Solvency ratios
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | — | — | — | — |
| Debt-to-equity ratio | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — |
Based on the provided data, it appears that the solvency ratios of Jack In The Box Inc, specifically the debt-to-assets ratio, debt-to-capital ratio, debt-to-equity ratio, and financial leverage ratio, are all reported as zero or not available (indicated by dashes) across the years from 2019 to 2023. This suggests that Jack In The Box Inc has maintained a low or non-existent level of debt in relation to its assets, capital, and equity during this period.
A debt-to-assets ratio of zero indicates that the company has not utilized debt to finance its assets, which may imply a conservative financial strategy focused on equity financing. Without information on the debt-to-capital and debt-to-equity ratios, it is challenging to assess the company's leverage and capital structure in more detail.
The financial leverage ratio, also reported as not available, further limits insights into the extent to which the company relies on debt in its capital structure. In the absence of these ratios, a complete evaluation of Jack In The Box Inc's solvency and financial risk profile based on these metrics is currently not feasible.
Additional information or the inclusion of these ratios in future financial statements would provide a more comprehensive understanding of Jack In The Box Inc's solvency position and its approach to debt management. It is essential to monitor these ratios over time to assess any changes in the company's capital structure and debt management practices.
Coverage ratios
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 54.71 | 44.63 | 51.01 | 40.19 | 64.79 |
The interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt. Jack In The Box Inc's interest coverage ratio has been consistently healthy over the past five fiscal years, indicating the firm's strong capacity to cover its interest expenses with its earnings.
The interest coverage ratio for the most recent fiscal year ending on September 30, 2023, stands at 54.71, reflecting a significant increase from the previous year's ratio of 44.63. This improvement suggests that Jack In The Box Inc has a more comfortable margin of safety in meeting its interest obligations compared to the previous year.
Looking back at the historical trend, the interest coverage ratio has generally exhibited stability and strength, hovering between 40.19 and 64.79 over the last five years. This consistency signifies the company's consistent earnings performance relative to its interest expenses.
Overall, Jack In The Box Inc's interest coverage ratio indicates a robust financial position and ability to service its debt obligations efficiently.