Wingstop Inc (WING)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 1,206,200 713,729 713,258 712,790 712,327 711,867 711,411 705,483 706,846 708,176 709,546 710,918 469,394 469,084 468,774 466,056 466,933 311,240 310,846 310,461
Total assets US$ in thousands 716,246 484,762 451,821 412,251 377,825 351,676 451,217 451,297 424,190 411,036 395,361 507,296 249,203 260,399 234,264 217,771 211,565 219,691 201,114 188,514
Debt-to-assets ratio 1.68 1.47 1.58 1.73 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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,206,200K ÷ $716,246K
= 1.68

The debt-to-assets ratio of Wingstop Inc has fluctuated over the past few years, indicating changes in its debt management relative to its asset base. The ratio was at its highest at 2.21 on December 31, 2020, and has since shown some variability, ranging between 1.40 and 2.14. Overall, the trend suggests that the company has been utilizing debt to finance a portion of its assets, with the ratio generally hovering around 1.50 to 2.00 in recent periods. It is important for investors and stakeholders to closely monitor this ratio to assess the company's ability to meet its financial obligations and manage its debt levels effectively.