Dave & Buster’s Entertainment (PLAY)

Debt-to-assets ratio

		Feb 4, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Long-term debt	US$ in thousands	1,284,000	1,281,300	1,278,700	1,221,100	1,222,700	1,222,210	1,219,680	431,966	431,395	484,677	537,816	537,102	596,388	561,815	731,646	735,261	632,689	640,384	552,079	427,774
Total assets	US$ in thousands	3,754,400	3,697,800	3,729,400	3,694,400	3,761,000	3,685,090	3,650,740	2,443,100	2,345,790	2,350,720	2,384,500	2,317,980	2,352,820	2,385,060	2,619,970	2,563,350	2,370,140	2,298,190	2,234,080	2,164,890
Debt-to-assets ratio		0.34	0.35	0.34	0.33	0.33	0.33	0.33	0.18	0.18	0.21	0.23	0.23	0.25	0.24	0.28	0.29	0.27	0.28	0.25	0.20

February 4, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,284,000K ÷ $3,754,400K
= 0.34

The debt-to-assets ratio of Dave & Buster’s Entertainment has shown stability over the past several quarters, hovering around the range of 0.18 to 0.35. The ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests a lower level of financial leverage and a lesser reliance on debt to fund operations and investments. Dave & Buster’s debt-to-assets ratio has generally remained moderate, indicating a balanced mix of debt and equity in its capital structure. However, the slight increase in the ratio from 0.18 in May 2022 to 0.35 in October 2023 warrants attention to monitor the company's debt levels and financial health going forward.