Jack In The Box Inc (JACK)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,735,630 | 3,001,090 | 2,922,510 | 1,750,140 | 1,906,490 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,735,630K
= 0.00
Based on the data provided, Jack In The Box Inc has consistently reported a debt-to-assets ratio of 0.00 for the past five years, from 2020 to 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its total assets during each of these years.
This implies that Jack In The Box Inc has been operating with a debt-free capital structure, relying on equity financing to support its operations and growth. A debt-to-assets ratio of 0.00 is considered favorable as it indicates that the company is not highly leveraged and has lower financial risk.
By maintaining a debt-to-assets ratio of 0.00 over the years, Jack In The Box Inc demonstrates financial stability and a conservative approach to managing its capital structure. This may provide the company with more financial flexibility, lower interest expenses, and greater resilience to economic downturns or adverse market conditions.
Overall, the consistent 0.00 debt-to-assets ratio of Jack In The Box Inc suggests a sound financial position with a prudent approach to managing its debt levels relative to its total assets.
Peer comparison
Sep 30, 2024