Shake Shack Inc (SHAK)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,696,970 | 1,605,860 | 1,494,860 | 1,457,570 | 1,145,350 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,696,970K
= 0.00
The debt-to-assets ratio for Shake Shack Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 reflects a strong financial position, as it suggests that the company's assets are fully funded by equity rather than debt. Shake Shack Inc's low debt-to-assets ratio may imply lower financial risk, as the company is not relying on debt to support its operations or expansion plans.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Shake Shack Inc
SHAK
0.00
Starbucks Corporation
SBUX
0.46
The Wendy’s Co
WEN
0.00