Yum! Brands Inc (YUM)

Debt-to-equity 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-equity ratio		—	—	—	—	—

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-7,858,000K
= —

The debt-to-equity ratio for Yum Brands Inc. is not provided in the table for the years 2019 to 2023. This ratio is a key financial metric that indicates the proportion of a company's financing that comes from debt relative to equity. A high debt-to-equity ratio suggests that the company is more reliant on debt to finance its operations, which can increase financial risk. Conversely, a low ratio may indicate a more conservative financial structure.

Without the specific values for the debt-to-equity ratio for Yum Brands Inc., it is challenging to assess the trend in the company's capital structure over the past five years. Further analysis would be required to understand how the company has been managing its debt levels and equity contributions during this period, and how these decisions have influenced its overall financial health and risk profile.