Shake Shack Inc (SHAK)
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 23, 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,605,860 | 1,581,940 | 1,549,900 | 1,524,000 | 1,511,950 | 1,515,970 | 1,480,080 | 1,449,730 | 1,457,570 | 1,440,300 | 1,432,270 | 1,407,590 | 1,145,350 | 1,137,200 | 1,123,940 | 1,040,010 | 968,268 | 963,272 | 898,244 | 846,968 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio for Shake Shack Inc has consistently been reported as 0.00 for each period provided in the table. This indicates that the company has not had any debt on its balance sheet relative to its total assets during these periods. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely financed by equity, without any reliance on debt financing. While having no debt may suggest a lower financial risk for the company, it is important to consider the potential impact on the company's cost of capital and overall capital structure in the long term.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-assets ratio
Shake Shack Inc
SHAK
0.00
Starbucks Corporation
SBUX
0.46
The Wendy’s Co
WEN
0.53