Starbucks Corporation (SBUX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -7,448,900 | -7,994,800 | -8,706,600 | -5,321,200 | -7,805,100 |
| Debt-to-capital ratio | 2.08 | 2.44 | 2.97 | 1.64 | 2.14 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $14,319,500K ÷ ($14,319,500K + $-7,448,900K)
= 2.08
The debt-to-capital ratio for Starbucks Corporation has shown fluctuating trends over the past five years. In September 2024, the ratio improved to 2.08 compared to 2.44 in 2023, indicating a reduction in the proportion of debt in the capital structure. This suggests that Starbucks has potentially decreased its reliance on debt financing relative to its total capital. However, it is important to note that the ratio is still higher than it was in 2021. Overall, while the recent decrease is a positive sign, continued monitoring of the debt levels and capital structure is advisable to ensure financial stability and sustainability.
Peer comparison
Sep 30, 2024