Shake Shack Inc (SHAK)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,605,860 | 1,511,950 | 1,457,570 | 1,145,350 | 968,268 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,605,860K
= 0.00
Based on the historical data provided for Shake Shack Inc, the debt-to-assets ratio has consistently remained at 0.00 for the past five years, including the latest data as of Dec 31, 2023. This indicates that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that Shake Shack Inc finances its operations primarily through equity rather than debt. This can be perceived positively by investors and creditors as it signifies a lower financial risk and the company's ability to operate without relying heavily on borrowed funds. Overall, Shake Shack Inc's consistent low debt-to-assets ratio reflects a conservative capital structure and financial stability.
Peer comparison
Dec 31, 2023