Shake Shack Inc (SHAK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 443,417 | 433,442 | 423,359 | 412,506 | 412,204 | 417,700 | 402,765 | 400,415 | 409,537 | 416,862 | 417,073 | 413,933 | 407,321 | 417,692 | 421,578 | 300,418 | 298,817 | 290,616 | 255,020 | 236,439 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $443,417K)
= 0.00
The debt-to-capital ratio for Shake Shack Inc has consistently been 0.00 over the past several periods, indicating that the company has not utilized any debt to finance its operations relative to its capital structure. A debt-to-capital ratio of 0.00 suggests that the company relies solely on equity financing, which can be perceived as a positive sign of financial strength and stability. It implies that Shake Shack Inc may have a conservative approach to managing its debt levels and is not heavily leveraged, which can be advantageous in terms of financial risk and flexibility. Overall, based on the consistent trend of a 0.00 debt-to-capital ratio, it appears that Shake Shack Inc has maintained a prudent financial strategy in terms of debt management.
Peer comparison
Dec 31, 2023