Yum! Brands Inc (YUM)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	-7,858,000	-8,190,000	-8,436,000	-8,774,000	-8,876,000	-8,542,000	-8,568,000	-8,491,000	-8,373,000	-7,855,000	-7,893,000	-7,912,000	-7,891,000	-7,919,000	-8,108,000	-8,229,000	-8,016,000	-8,097,000	-7,994,000	-7,904,000
Debt-to-equity ratio		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

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

As the debt-to-equity ratio data is not available for Yum Brands Inc. in the provided table for the specified quarters, it is not possible to give a detailed analysis of how the company's debt levels compare to its equity over the given time periods. In order to assess the company's financial leverage and risk, it is crucial to compute and monitor this ratio regularly, as it provides insights into the extent to which the company relies on debt financing versus equity. Monitoring trends in the debt-to-equity ratio can help stakeholders evaluate the company's financial health and its ability to meet its debt obligations.