Yum! Brands Inc (YUM)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,231,000 | 6,071,000 | 5,848,000 | 5,749,000 | 5,846,000 | 5,779,000 | 5,790,000 | 5,816,000 | 5,966,000 | 6,419,000 | 5,649,000 | 5,550,000 | 5,852,000 | 6,061,000 | 6,421,000 | 6,085,000 | 5,231,000 | 5,003,000 | 4,674,000 | 4,744,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 fluctuated over the past eight quarters, ranging from 1.80 to 2.04. A higher debt-to-assets ratio indicates that a larger proportion of the company's assets are financed through debt rather than equity.
The trend in Yum Brands Inc.'s debt-to-assets ratio shows an increase from Q4 2022 to Q1 2023, peaking at 2.04 before slightly decreasing in the following quarters. This indicates that the company may have taken on more debt relative to its total assets during that time period.
Overall, a consistent high debt-to-assets ratio may suggest that Yum Brands Inc. relies heavily on debt financing to support its operations and growth initiatives. It is important for stakeholders to monitor this ratio to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2023