Starbucks Corporation (SBUX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | 2.74 | 2.44 | 2.61 | 2.69 | 2.93 | 2.97 | 2.65 | 2.67 | 2.65 | 1.64 | 2.00 | 2.10 | 2.17 | 2.14 | 2.43 | 2.82 | 2.74 | 2.26 | 1.63 | 2.23 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The solvency ratios of Starbucks Corp. provide insight into the company's ability to meet its long-term financial obligations.
Debt-to-assets ratio measures the proportion of a company's assets that are financed by debt. Starbucks' debt-to-assets ratio has been relatively stable over the past year, ranging between 0.51 to 0.55. This indicates that around 51% to 55% of the company's assets are financed by debt, suggesting a moderate level of leverage.
The debt-to-capital ratio indicates the percentage of a company's capital that is contributed by debt. Starbucks' debt-to-capital ratio has fluctuated, with a high of 2.39 and a low of 2.08. This suggests that the company's capital structure is dependent on debt to a significant extent.
The debt-to-equity ratio and financial leverage ratio are not available in the provided data. It would be beneficial to analyze these ratios alongside the other solvency measures to gain a comprehensive understanding of Starbucks' long-term solvency position.
Overall, based on the available data, Starbucks appears to maintain a moderate level of leverage in its capital structure, as reflected by its debt-to-assets and debt-to-capital ratios. It would be important to monitor these ratios over time to assess the company's long-term financial stability and risk.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 11.07 | 10.82 | 10.23 | 10.01 | 9.65 | 9.76 | 12.25 | 12.95 | 13.08 | 12.40 | 8.49 | 3.76 | 2.79 | 3.67 | 5.24 | 12.30 | 14.36 | 14.51 | 15.70 | 15.52 |
The interest coverage ratio for Starbucks Corp. has been relatively stable over the last few quarters, ranging between 9.56 and 11.03. This indicates that the company's ability to meet its interest obligations from its operating earnings remains consistently strong. A higher interest coverage ratio suggests that Starbucks is comfortably servicing its interest payments from its earnings, providing a buffer against potential fluctuations in its operating performance. This stability in the interest coverage ratio reflects a prudent approach to managing the company's financial obligations and indicates a strong financial position. However, it's important to continue monitoring this ratio to ensure continued financial strength and stability.