Yum! Brands Inc (YUM)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	6,231,000	5,846,000	5,966,000	5,852,000	5,231,000
Total stockholders’ equity	US$ in thousands	-7,858,000	-8,876,000	-8,373,000	-7,891,000	-8,016,000
Financial leverage ratio		—	—	—	—	—

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,231,000K ÷ $-7,858,000K
= —

The financial leverage ratio for Yum Brands Inc. could not be calculated from the provided data due to the absence of information on total debt and total equity for the respective years. Financial leverage ratio, also known as the debt-to-equity ratio, is a key metric used to evaluate a company's level of debt relative to its equity.

To calculate the financial leverage ratio, one would typically divide total debt by total equity. This ratio provides insight into the extent to which a company is relying on debt to finance its operations. A higher ratio indicates higher financial leverage and potentially greater financial risk, as the company may have higher levels of debt that need to be serviced.

Without the specific data on total debt and total equity for Yum Brands Inc. in the years provided, a meaningful analysis of the company's financial leverage ratio cannot be conducted. It is crucial to have a complete set of financial information to accurately assess the financial leverage position of a company.