: -2.88 (As of Mar. 2023)
Starbucks's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $3,211 Mil. Starbucks's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $21,298 Mil. Starbucks's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $-8,507 Mil. Starbucks's debt to equity for the quarter that ended in Mar. 2023 was -2.88.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Starbucks's Debt-to-Equity or its related term are showing as below:
SBUX' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.44 Med: 0.11 Max: 8.07
Current: -2.88
During the past 13 years, the highest Debt-to-Equity Ratio of Starbucks was 8.07. The lowest was -4.44. And the median was 0.11.
SBUX's Debt-to-Equity is not ranked
in the Restaurants industry.
Industry Median: 1.03 vs SBUX: -2.88
Starbucks Debt-to-Equity Historical Data
The historical data trend for Starbucks's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
| Starbucks Annual Data | |||||||||||
| Trend | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | |
| Debt-to-Equity |  | | | | | 8.07 | -1.79 | -3.24 | -4.44 | -2.73 | |
| Starbucks Quarterly Data | ||||||||||||||||||||
| Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
| Debt-to-Equity | | | | | | | | | | | | | | | | -2.84 | -2.76 | -2.73 | -2.75 | -2.88 |
Competitive Comparison
For the Restaurants subindustry, Starbucks's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Starbucks Debt-to-Equity Distribution
For the Restaurants industry and Consumer Cyclical sector, Starbucks's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Starbucks's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.
Starbucks Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Starbucks's Debt to Equity Ratio for the fiscal year that ended in Sep. 2022 is calculated as
| Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
| = | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
| = | (3169.7 | + | 20635.1) | / | -8706.6 | |
| = | -2.73 |
Starbucks's Debt to Equity Ratio for the quarter that ended in Mar. 2023 is calculated as
| Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
| = | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
| = | (3211 | + | 21298.3) | / | -8506.9 | |
| = | -2.88 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Starbucks(NAS:SBUX) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Starbucks Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Starbucks's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Starbucks (NAS:SBUX) Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Consumer Cyclical » Restaurants » Starbucks Corp (NAS:SBUX) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
Address
2401 Utah Avenue South, Seattle, WA, USA, 98134
Website
Starbucks is one of the most widely recognized restaurant brands in the world, operating nearly 36,000 stores across more than 80 countries as of the end of fiscal 2022. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
Executives
| Laxman Narasimhan | officer: ceo-elect | PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577 |
| Zabrina Jenkins | officer: Interim evp, general counsel | C/O RETAIL OPPORTUNITY INVESTMENT CORP., 11250 EL CAMINO REAL. SUITE 200, SAN DIEGO CA 92130 |
| Gina Woods | officer: evp, Public Affairs | 2401 UTAH AVENUE SOUTH, #800, SEATTLE WA 98134 |
| Michael Aaron Conway | officer: group president International | 18 LOVETON CIRCLE, SPARKS MD 21152 |
| Rachel Ruggeri | officer: evp, cfo | 2401 UTAH AVENUE SOUTH, #800, SEATTLE WA 98134 |
| Angela Lis | officer: evp, chief partner officer | 2401 UTAH AVENUE SOUTH, EX6, SEATTLE WA 98134 |
| John Ac Kelly | officer: evp, Public Affairs | 2401 UTAH AVENUE SOUTH, SEATTLE WA 98134 |
| Allison Richard E Jr | director | 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105 |
| Isabel Mahe | director | ONE APPLE PARK WAY, MS169:2CL, CUPERTINO CA 95014 |
| Andrew Campion | director | ONE BOWERMAN DRIVE, BEAVERTON OR 97005 |
| Jill Walker | officer: svp chief accounting officer | 2401 UTAH AVENUE SOUTH, SEATTLE WA 98134 |
| Patrick J Grismer | officer: executive vice president | 71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606 |
| Rachel A Gonzalez | officer: evp, general counsel & sec. | 3150 SABRE DRIVE, SOUTHLAKE TX 76092 |
| Paul Mutty | officer: svp, deputy general counsel | 2401 UTAH AVENUE SOUTH, #800, SEATTLE WA 98134 |
| Jorgen Vig Knudstorp | director | 2401 UTAH AVENUE SOUTH, SEATTLE WA 98134 |
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