Wingstop Inc (WING)

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	712,327	711,867	711,411	705,483	706,846	708,176	709,546	710,918	469,394	469,084	468,774	466,056	466,933	311,240	310,846	310,461	307,669	308,081	308,511	308,931
Total assets	US$ in thousands	377,825	351,676	451,217	451,297	424,190	411,036	395,361	507,296	249,203	260,399	234,264	217,771	211,565	219,691	201,114	188,514	166,113	168,067	150,025	151,450
Debt-to-assets ratio		1.89	2.02	1.58	1.56	1.67	1.72	1.79	1.40	1.88	1.80	2.00	2.14	2.21	1.42	1.55	1.65	1.85	1.83	2.06	2.04

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $712,327K ÷ $377,825K
= 1.89

The debt-to-assets ratio of Wingstop Inc has exhibited some fluctuations over the past twenty quarters, ranging from a low of 1.40 to a high of 2.21. Generally, the trend indicates that the company's debt relative to its total assets has been relatively high, exceeding 1.5 in most periods. This suggests that a significant portion of Wingstop's assets are financed through debt rather than equity. It is worth noting that a higher debt-to-assets ratio may indicate higher financial risk, as the company may have higher debt obligations to meet compared to its asset base. However, it is important to consider the industry norms and the company's specific circumstances when evaluating the implications of this ratio.