Shake Shack Inc (SHAK)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 30, 2020 | Sep 23, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,696,970 | 1,675,420 | 1,661,760 | 1,618,830 | 1,605,790 | 1,564,860 | 1,532,820 | 1,506,920 | 1,494,860 | 1,501,770 | 1,480,080 | 1,449,730 | 1,457,570 | 1,440,300 | 1,432,270 | 1,407,590 | 1,145,350 | 1,137,200 | 1,137,200 | 1,123,940 |
| Total stockholders’ equity | US$ in thousands | 470,018 | 456,102 | 462,400 | 446,386 | 443,054 | 416,354 | 406,271 | 395,418 | 395,116 | 403,495 | 402,765 | 400,415 | 435,600 | 443,279 | 443,532 | 413,933 | 407,321 | 417,692 | 417,692 | 421,578 |
| Financial leverage ratio | 3.61 | 3.67 | 3.59 | 3.63 | 3.62 | 3.76 | 3.77 | 3.81 | 3.78 | 3.72 | 3.67 | 3.62 | 3.35 | 3.25 | 3.23 | 3.40 | 2.81 | 2.72 | 2.72 | 2.67 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,696,970K ÷ $470,018K
= 3.61
The financial leverage ratio of Shake Shack Inc has displayed a gradual increase over the period from June 30, 2020 to December 31, 2020, standing at 2.67 and 2.81, respectively. Subsequently, there was a sharper increase in the ratio from March 31, 2021 to June 30, 2021, reaching 3.40 and 3.23, before climbing further to 3.78 by December 31, 2022.
Following this peak, the financial leverage ratio showed some fluctuations but generally remained at elevated levels between 3.23 and 3.81 until June 30, 2023. Thereafter, the ratio began to decrease gradually, with minor fluctuations until September 30, 2024, where it settled at 3.67. Overall, the trend in Shake Shack Inc's financial leverage ratio indicates an increase in leverage over the analyzed period, with fluctuations marking variations in the company's capital structure and debt levels.
Peer comparison
Dec 31, 2024