Yum! Brands Inc (YUM)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,231,000 | 5,846,000 | 5,966,000 | 5,852,000 | 5,231,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,231,000K
= 0.00
The debt-to-assets ratio of Yum Brands Inc. has shown fluctuation over the past five years. In 2023, the ratio improved to 1.80 from 2.03 in 2022, indicating that the company had a lower level of debt relative to its total assets. This may suggest more effective management of debt levels or increased asset base during the year.
Comparing to 2021 and 2020, where the ratios were 1.89 and 1.83 respectively, the company had slightly higher debt levels relative to its assets in those years. In 2019, the ratio was 2.02, signifying the highest debt burden on assets over the five-year period.
Overall, while the trend in the debt-to-assets ratio has been somewhat volatile, the recent decrease in the ratio suggests a potentially positive development in the company's financial leverage and risk management strategies. However, further analysis and consideration of other financial metrics are necessary to fully assess the financial health and risk profile of Yum Brands Inc.
Peer comparison
Dec 31, 2023