Cheesecake Factory (Cheesecake Factory) Debt-to-Equity

: 5.85 (As of Dec. 2023)

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Cheesecake Factory's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $135 Mil. Cheesecake Factory's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,725 Mil. Cheesecake Factory's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $318 Mil. Cheesecake Factory's debt to equity for the quarter that ended in Dec. 2023 was 5.85.

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 Cheesecake Factory's Debt-to-Equity or its related term are showing as below:

CAKE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 3.23 Max: 6.3
Current: 5.85

During the past 13 years, the highest Debt-to-Equity Ratio of Cheesecake Factory was 6.30. The lowest was 0.02. And the median was 3.23.

CAKE's Debt-to-Equity is ranked worse than
93.05% of 302 companies
in the Restaurants industry
Industry Median: 0.95 vs CAKE: 5.85

Cheesecake Factory Debt-to-Equity Historical Data

The historical data trend for Cheesecake Factory'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.

Cheesecake Factory Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.81

3.23

5.50

6.30

5.85

Cheesecake Factory Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																6.30	6.09	5.65	5.79	5.85

Competitive Comparison

For the Restaurants subindustry, Cheesecake Factory'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.

Cheesecake Factory Debt-to-Equity Distribution

For the Restaurants industry and Consumer Cyclical sector, Cheesecake Factory's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cheesecake Factory's Debt-to-Equity falls into.

Cheesecake Factory Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cheesecake Factory's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(134.905	+	1725.002)	/	318.062
	=	5.85

Cheesecake Factory's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(134.905	+	1725.002)	/	318.062
	=	5.85

Cheesecake Factory (NAS:CAKE) 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.

Cheesecake Factory Debt-to-Equity Related Terms

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Cheesecake Factory (Cheesecake Factory) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cheesecake Factory Inc (NAS:CAKE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CF2:Germany

Address

26901 Malibu Hills Road, Calabasas Hills, CA, USA, 91301

Website

https://www.thecheesecakefactory.com

Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Majority of the company's revenue comes from The Cheesecake Factory restaurants segment.

Executives

Ashley W Hanscom	officer: PRINCIPAL ACCOUNTING OFFICER	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Adam S. Gordon	director	26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Edie A Ames	director	C/O MORTONS RESTATURANT GROUP, INC., 325 LASALLE STREET, SUITE 500, CHICAGO IL 60610
David Bruce Pittaway	director	150 E 58TH ST, STE 3700, NEW YORK NY 10155
Khanh Collins	director	22825 QUEENSBRIDGE DRIVE, ASHBURN VA 20148
Matthew Eliot Clark	officer: VP, Strategic Planning	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
David M Gordon	officer: President	C/O THE CHEESECAKE FACTORY INCORPORATED, 26901 MALIBU HILLS DRIVE, CALABASAS HILLS CA 91301
Cheryl Slomann	officer: Principal Accounting Officer	6450 VIA REAL, CURPINTERIA CA 93013
David Overton	director, officer: Chairman and C.E.O.
Keith Carango	officer: President (Subsidiary)	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Paul D. Ginsberg	director	C/O ROARK CAPITAL, 1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Rc Cake Holdings Llc	10 percent owner	1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Janice L. Meyer	director	26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Laurence B Mindel	director	IL FORNAIO AMERICA CORP, 770 TAMAPAIS DR STE 400, CORTE MADERA CA 94925
Alexander L Cappello	director	C/O THE CHEESECAKE FACTORY INC, 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301