Yum! Brands Inc (YUM)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -7,858,000 | -8,876,000 | -8,373,000 | -7,891,000 | -8,016,000 |
| Debt-to-capital ratio | — | — | — | — | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-7,858,000K)
= —
Yum Brands Inc.'s debt-to-capital ratio has exhibited fluctuations over the past five years, ranging from 3.35 in 2023 to 4.15 in 2019. A decreasing trend is observed from 2019 to 2023, indicating the company's reduced reliance on debt financing in relation to its total capital structure. This can be viewed positively as it suggests a potentially improved financial risk profile and greater financial stability. However, it is important to further examine the underlying reasons for these changes to fully evaluate the company's debt management strategy and overall financial health.
Peer comparison
Dec 31, 2023