Texas Roadhouse Inc (TXRH)
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 | 0 | 50,000 | 100,000 | 190,000 | — |
| Total assets | US$ in thousands | 2,793,380 | 2,525,660 | 2,511,950 | 2,325,160 | 1,983,560 |
| Debt-to-assets ratio | 0.00 | 0.02 | 0.04 | 0.08 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $2,793,380K
= 0.00
The debt-to-assets ratio of Texas Roadhouse Inc has exhibited a declining trend over the past five years. It was at 0.00 in both 2023 and 2019, indicating that the company had no debt relative to its total assets in those years. However, the ratio increased to 0.02 in 2022, 0.04 in 2021, and 0.08 in 2020. This suggests that the company started taking on more debt relative to its total assets during these years. Overall, the rising trend in the debt-to-assets ratio from 2020 to 2022 indicates that Texas Roadhouse Inc was increasingly relying on debt financing to support its operations and growth.
Peer comparison
Dec 31, 2023