Texas Roadhouse Inc (TXRH)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,141,660 | 1,012,640 | 1,058,120 | 927,505 | 915,994 |
| Debt-to-equity ratio | 0.00 | 0.05 | 0.09 | 0.20 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $1,141,660K
= 0.00
The debt-to-equity ratio of Texas Roadhouse Inc has seen fluctuations over the past five years. The ratio was at 0.00 in both 2023 and 2019, indicating that the company had no debt relative to its equity in those years. In 2022, the ratio was at 0.05, suggesting a low level of debt compared to equity. However, in 2021 and 2020, the ratio increased to 0.09 and 0.20, respectively, indicating a higher proportion of debt in relation to equity during those years.
Overall, the trend in the debt-to-equity ratio shows variability, with the company maintaining low to no debt levels in some years, but also taking on more debt relative to equity in others. Further analysis and consideration of the company's overall financial health and strategy would be necessary to fully understand the implications of these fluctuations in the debt-to-equity ratio.
Peer comparison
Dec 31, 2023