Shake Shack Inc (SHAK)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $443,417K
= 0.00
The debt-to-equity ratio for Shake Shack Inc has consistently been 0.00 across all periods indicated in the table. A debt-to-equity ratio of 0.00 indicates that the company has no debt or an extremely minimal amount of debt relative to its equity. This signifies that Shake Shack Inc relies more on equity financing rather than debt to fund its operations and growth. Having a low or zero debt-to-equity ratio can be viewed positively by investors and creditors as it suggests lower financial risk and potentially greater financial stability for the company. However, it is also essential to consider the overall financial strategy and the specific circumstances of the company when evaluating the significance of this ratio.
Peer comparison
Dec 31, 2023