Starbucks Corporation (SBUX)
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 | 14,319,500 | 13,547,600 | 13,119,900 | 13,616,900 | 14,659,600 |
| Total assets | US$ in thousands | 31,339,300 | 29,445,500 | 27,978,400 | 31,392,600 | 29,374,500 |
| Debt-to-assets ratio | 0.46 | 0.46 | 0.47 | 0.43 | 0.50 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $14,319,500K ÷ $31,339,300K
= 0.46
The debt-to-assets ratio of Starbucks Corporation has been relatively consistent over the past five years, ranging from 0.43 to 0.50. This ratio indicates that, on average, around 46% to 50% of the company's assets are financed by debt, while the remaining percentage is funded by equity. A lower debt-to-assets ratio suggests that Starbucks relies less on debt financing to support its operations and investments, which can be seen as a positive indicator of financial stability and creditworthiness. However, it is important to note that the ratio fluctuated slightly over the years, which may reflect changes in the company's capital structure or borrowing levels. Overall, Starbucks' debt-to-assets ratio appears to be within a reasonable range, indicating a balanced approach to capital structure management.
Peer comparison
Sep 30, 2024