Starbucks Corporation (SBUX)
Debt-to-assets ratio
| Sep 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 14,319,500 | 15,547,500 | 13,564,800 | 13,547,600 | 13,544,400 | 13,544,800 | 13,176,700 | 13,119,900 | 13,930,800 | 14,014,400 | 13,586,300 | 13,616,900 | 13,619,200 | 14,630,300 | 14,673,500 | 14,659,600 | 14,645,600 | 11,658,700 | 10,653,200 | 11,167,000 |
| Total assets | US$ in thousands | 31,339,300 | 29,363,200 | 29,179,700 | 29,445,500 | 28,733,000 | 28,609,000 | 28,256,100 | 27,978,400 | 28,156,200 | 29,021,500 | 28,833,900 | 31,392,600 | 29,476,800 | 28,371,700 | 29,968,400 | 29,374,500 | 29,140,600 | 27,478,900 | 27,731,300 | 19,219,600 |
| Debt-to-assets ratio | 0.46 | 0.53 | 0.46 | 0.46 | 0.47 | 0.47 | 0.47 | 0.47 | 0.49 | 0.48 | 0.47 | 0.43 | 0.46 | 0.52 | 0.49 | 0.50 | 0.50 | 0.42 | 0.38 | 0.58 |
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 fluctuating over the past several quarters. The ratio measures the proportion of the company's total liabilities to its total assets.
From December 2019 to March 2020, the ratio increased significantly from 0.42 to 0.58, indicating a higher level of debt relative to assets during that period. However, it dropped in the following quarters, reaching a low of 0.38 in September 2020.
Subsequently, the ratio started to increase again, peaking at 0.53 in March 2024, before decreasing slightly to 0.46 in September 2024. This suggests that the company had a moderate level of debt compared to its assets in recent quarters.
Overall, the debt-to-assets ratio of Starbucks Corporation has shown some variability but has generally remained within the range of 0.38 to 0.58 over the analyzed period. Investors and analysts may consider the trend of this ratio when assessing the company's financial leverage and risk exposure.
Peer comparison
Sep 30, 2024