Jack In The Box Inc (JACK)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,001,090 | 2,922,510 | 1,750,140 | 1,906,490 | 958,483 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,001,090K
= 0.00
Based on the data provided for Jack In The Box Inc, the debt-to-assets ratio has consistently remained at 0.00 over the past five years, from 2019 to 2023. A debt-to-assets ratio of 0.00 indicates that the company has had no debt in relation to its total assets during this period. This could signify that Jack In The Box Inc has been funding its operations and investments primarily through equity or retained earnings rather than taking on debt.
Having a debt-to-assets ratio of 0.00 may suggest that the company has a strong financial position with low financial risk as it is not relying on borrowed funds to finance its operations. It could also imply that the company has sufficient cash flows to support its operations and investments without the need for external borrowing.
However, it is essential to note that while a low debt-to-assets ratio is generally considered positive in terms of financial stability, it may also indicate missed opportunities for leveraging debt to potentially increase returns on equity. Further analysis of the company's capital structure and financial strategy would be warranted to fully assess the implications of Jack In The Box Inc's consistent 0.00 debt-to-assets ratio.
Peer comparison
Sep 30, 2023