Texas Roadhouse Inc (TXRH)

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 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 stockholders’ equity	US$ in thousands	1,141,660	1,103,960	1,082,980	1,055,250	1,012,640	977,575	938,892	1,019,780	1,058,120	1,065,170	1,046,840	993,621	927,505	902,916	868,021	896,292	915,994	893,975	890,852	973,493
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.05	0.08	0.08	0.10	0.09	0.18	0.18	0.19	0.20	0.21	0.22	0.21	0.00	0.00	0.00	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 shown stability and improvement over the past few quarters, with the ratio declining significantly from 0.20 in December 2020 to 0.00 in December 2023. This indicates that the company had no debt relative to its equity at the end of 2023. The trend of decreasing debt-to-equity ratios suggests that the company has been reducing its reliance on debt to finance its operations and growth, which can be seen as a positive sign for financial health and risk management. It is important to note that a debt-to-equity ratio of 0.00 may indicate that the company has more equity than debt or that it has no debt at all, which can be desirable for some investors seeking lower financial risk. Overall, the decreasing trend in the debt-to-equity ratio reflects a healthier balance sheet structure for Texas Roadhouse Inc.