Starbucks (FRA:SRB) Debt-to-Equity : -2.84 (As of Dec. 2023)

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What is Starbucks Debt-to-Equity?

Starbucks's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,531 Mil. Starbucks's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €19,902 Mil. Starbucks's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-7,901 Mil. Starbucks's debt to equity for the quarter that ended in Dec. 2023 was -2.84.

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:

FRA:SRB' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.44 Med: -1.81 Max: 8.07
Current: -2.84

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 -1.81.

FRA:SRB's Debt-to-Equity is not ranked
in the Restaurants industry.
Industry Median: 0.945 vs FRA:SRB: -2.84

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 Debt-to-Equity Chart

Starbucks Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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-1.79

-3.24

-4.44

-2.73

-3.08

Starbucks 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	Get a 7-Day Free Trial															-2.75	-2.88	-2.92	-3.08	-2.84

Competitive Comparison of Starbucks's Debt-to-Equity

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's Debt-to-Equity Distribution in the Restaurants Industry

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 into.

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. 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
	=	(2930.374	+	20119.639)	/	-7491.128
	=	-3.08

Starbucks'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
	=	(2530.645	+	19902.385)	/	-7900.872
	=	-2.84

Starbucks (FRA:SRB) 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 (FRA:SRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Starbucks Corp (FRA:SRB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SBUX:USA SBUX:Peru SBUX:Mexico SBUX_KZ:Kazakhstan SBUX:Italy SRBd:UK 0QZH:UK SRB:Germany SBUX:Chile SBUX:Canada SBUB34:Brazil SBUX:Austria SBUX:Argentina

Address

2401 Utah Avenue South, Seattle, WA, USA, 98134

Website

https://www.starbucks.com

Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. 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.

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