Historical Debt to Equity Ratio Data
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| Date | Value |
|---|---|
| September 30, 2023 | -7.678 |
| June 30, 2023 | -7.143 |
| March 31, 2023 | -6.428 |
| December 31, 2022 | -5.980 |
| September 30, 2022 | -5.31 |
| June 30, 2022 | -5.428 |
| March 31, 2022 | -5.674 |
| December 31, 2021 | -7.742 |
| September 30, 2021 | -6.19 |
| June 30, 2021 | -6.099 |
| March 31, 2021 | -4.937 |
| December 31, 2020 | -4.785 |
| September 30, 2020 | -4.466 |
| June 30, 2020 | -4.096 |
| March 31, 2020 | -4.213 |
| December 31, 2019 | -4.163 |
| September 30, 2019 | -3.820 |
| June 30, 2019 | -4.796 |
| March 31, 2019 | -5.021 |
| December 31, 2018 | -4.965 |
| September 30, 2018 | -4.696 |
| June 30, 2018 | -5.295 |
| March 31, 2018 | -6.542 |
| December 31, 2017 | -9.038 |
| September 30, 2017 | -8.229 |
| Date | Value |
|---|---|
| June 30, 2017 | -14.18 |
| March 31, 2017 | -13.40 |
| December 31, 2016 | -11.78 |
| September 30, 2016 | -16.01 |
| June 30, 2016 | 40.64 |
| March 31, 2016 | 6.045 |
| December 31, 2015 | 3.403 |
| September 30, 2015 | 2.165 |
| June 30, 2015 | 1.695 |
| March 31, 2015 | 1.253 |
| December 31, 2014 | 1.162 |
| September 30, 2014 | 1.110 |
| June 30, 2014 | 0.9552 |
| March 31, 2014 | 0.8625 |
| December 31, 2013 | 0.8826 |
| September 30, 2013 | 0.8894 |
| June 30, 2013 | 0.8813 |
| March 31, 2013 | 0.8404 |
| December 31, 2012 | 0.8914 |
| September 30, 2012 | 0.9553 |
| June 30, 2012 | 0.9671 |
| March 31, 2012 | 0.8717 |
| December 31, 2011 | 0.8687 |
| September 30, 2011 | 0.9394 |
| June 30, 2011 | 0.8214 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
-7.742
Minimum
Dec 2021
-3.820
Maximum
Sep 2019
-5.447
Average
-5.166
Median
Debt to Equity Ratio Benchmarks
| Chipotle Mexican Grill Inc | 0.00 |
| Domino's Pizza Inc | -1.204 |
| Starbucks Corp | -1.926 |
| The Wendy's Co | 8.166 |
| Yum Brands Inc | -1.407 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 52.09B |
| Total Liabilities (Quarterly) | 56.94B |
| Shareholders Equity (Quarterly) | -4.855B |
| Current Ratio | 1.711 |
| Net Debt Paydown Yield | -0.28% |
The debt to equity ratio is a fundamental financial metric used to evaluate a company's leverage and financial health by comparing its total debt to its shareholders' equity. It's calculated by dividing the total debt by the shareholders' equity. A high ratio indicates higher financial risk, while a low ratio suggests a more conservative financial structure.
Looking at the data you provided, the debt to equity ratio values seem to fluctuate significantly over time for the specified company or companies. Negative values are unusual but not impossible, often indicating an imbalance where the equity surpasses the debt. Here are some observations and explanations based on the data you've shared:
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Negative Ratio Values: A negative debt to equity ratio could imply that the company has more equity than debt, which might arise due to various reasons such as large losses impacting shareholder equity or an error in data reporting. It's rare but not unheard of.
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Extreme Fluctuations: The ratios oscillate between positive and negative values, indicating substantial changes in the financial structure of the company. A sudden shift from positive to negative or vice versa might suggest irregular financial management or reporting errors.
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Historical Trends: The data shows a range of values from positive to negative extremes, with the debt to equity ratio varying significantly over time. Such volatility could signify financial instability or significant changes in the company's capital structure.
Related metrics provided alongside the debt to equity ratio include figures like total assets, total liabilities, shareholders' equity, current ratio, and net debt paydown yield. These metrics offer a broader perspective on the company's financial health, liquidity, and ability to meet short-term obligations.
Additionally, the benchmarks for other companies' debt to equity ratios give a comparative view within the industry. Chipotle Mexican Grill Inc and Domino's Pizza Inc having zero or negative ratios could indicate a healthier financial structure compared to Wendy's Co, which shows a notably higher ratio, potentially signaling higher leverage.
Understanding these concepts and metrics is crucial for investors, analysts, and stakeholders in assessing a company's financial stability and risk profile. They help in making informed decisions about investments, financial strategies, and overall risk management.
