Starbucks Corporation (SBUX)
Debt-to-assets ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 11,159,100 | 9,141,500 |
| Total assets | US$ in thousands | 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 | 20,894,400 | 17,641,900 |
| Debt-to-assets ratio | 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 | 0.53 | 0.52 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $13,564,800K ÷ $29,179,700K
= 0.46
The debt-to-assets ratio of Starbucks Corp. has shown relatively consistent levels over the past year, ranging from 0.51 to 0.55. This ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests lower dependence on debt financing, while a higher ratio may indicate higher financial risk. The trend in Starbucks' ratio indicates a relatively stable level of debt relative to its assets, with only minor fluctuations seen over the period. This suggests that the company has been managing its debt and asset levels effectively. However, it would be beneficial to compare this ratio with industry averages and peer companies to gain a better understanding of Starbucks' financial leverage.
Peer comparison
Dec 31, 2023