Texas Roadhouse Inc (TXRH)

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 30, 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	0	0	—	—	50,000	75,000	75,000	100,000	100,000	190,000	190,000	190,000	190,000	190,000	190,000	190,000	—	—	—	—
Total assets	US$ in thousands	2,793,380	2,546,340	2,514,990	2,474,860	2,525,660	2,365,050	2,321,720	2,437,320	2,511,950	2,442,550	2,448,940	2,406,730	2,325,160	2,188,010	2,130,480	2,054,700	1,983,560	1,855,560	1,868,850	1,937,950
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.02	0.03	0.03	0.04	0.04	0.08	0.08	0.08	0.08	0.09	0.09	0.09	0.00	0.00	0.00	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 for Texas Roadhouse Inc has shown a stable and low trend over the recent quarters, with the ratio consistently below 0.1. This indicates that the company has been able to effectively manage its debt relative to its total assets, with little reliance on debt financing. The ratio was 0.00 for the most recent quarter, signaling that the company had no significant debt obligations relative to its asset base at that time. Overall, the low debt-to-assets ratio is a positive indication of the company's financial health and its ability to meet its financial obligations without relying heavily on debt.