Ark Restaurants's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.1 Mil. Ark Restaurants's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $94.8 Mil. Ark Restaurants's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $51.8 Mil.
Ark Restaurants's debt to equity for the quarter that ended in Dec. 2023 was 2.03.
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 Ark Restaurants's Debt-to-Equity or its related term are showing as below:
ARKR'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.54 Max: 3.01
Current: 2.03
During the past 13 years, the highest Debt-to-Equity Ratio of Ark Restaurants was 3.01. The lowest was 0.14. And the median was 0.54.
Ark Restaurants Debt-to-Equity Historical Data
The historical data trend for Ark Restaurants'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.
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Ark Restaurants Annual Data
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Trend |
Sep14 |
Sep15 |
Sep16 |
Sep17 |
Sep18 |
Sep19 |
Sep20 |
Sep21 |
Sep22 |
Sep23 |
| Debt-to-Equity |
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0.63 |
2.77 |
1.81 |
2.15 |
2.14 |
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Ark Restaurants Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
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2.04 |
1.97 |
1.75 |
2.14 |
2.03 |
Competitive Comparison
For the Restaurants subindustry, Ark Restaurants'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.
Ark Restaurants Debt-to-Equity Distribution
For the Restaurants industry and Consumer Cyclical sector, Ark Restaurants's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ark Restaurants's Debt-to-Equity falls into.
Ark Restaurants Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Ark Restaurants's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as
Ark Restaurants's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* 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.
Ark Restaurants (Ark Restaurants) Business Description
Traded in Other Exchanges
N/A
Address
85 5th Avenue, 14th Floor, New York, NY, USA, 10003
Ark Restaurants Corp owns and operates around 17 restaurants and bars, 16 fast food concepts, and catering operations in the USA. The Las Vegas operations include New York Hotel & Casino Resort, hotel room service operations, banquet facilities, employee dining room, food court concepts, and a restaurant within the Planet Hollywood Resort and Casino. It operates a restaurant and a bar in the Resorts Atlantic City Hotel and Casino and a restaurant in the Tropicana Hotel and Casino. The Florida operations include The Rustic Inn in Dania Beach, Shuckers in Jensen Beach, JB's on the Beach in Deerfield Beach, The Blue Moon Fish Company in Fort Lauderdale, and fast food facilities in Tampa and Hollywood. In Alabama, it operates Original Oyster Houses in Gulf Shores and Spanish Fort.
Executives
| Satterfield Thomas A Jr |
10 percent owner |
2609 CALDWELL MILL LN, BIRMINGHAM AL 35243 |
| Michael S Weinstein |
director, 10 percent owner, officer: Chairman & CEO |
C/O ARK RESTAURANTS CORP, 85 FIFTH AVENUE, NEW YORK NY 10003 |
| Anthony Sirica |
director, officer: Chief Financial Officer |
85 FIFTH AVENUE, NEW YORK NY 10003 |
| Paul Gordon |
director, officer: Senior Vice President |
C/O ARK LAS VEGAS RESTAURANTS CORP, 3790 LAS VEGAS BLVD S SUITE 11, LAS VEGAS NV 89109 |
| Vincent Pascal |
director, officer: Senior Vice President |
C/O ARK RESTAURANTS CORP, 85 FIFTH AVE, NEW YORK NY 10003 |
| Steven Shulman |
director |
C/O PARAGON TECHNOLOGIES INC, 600 KUEBLER ROAD, EASTON PA 18040 |
| Robert J Stewart |
director, officer: President and CFO |
C/O ARK RESTAURANTS CORP, 85 FIFTH AVE, NEW YORK NY 10003 |
| Arthur Stainman |
director |
320 EAST 72ND STREET, NEW YORK NY 10021 |
| Bruce R Lewin |
director |
G&G RETAIL INC, 520 EIGHTH AVENUE, NEW YORK NY 10018 |
| Robert Towers |
director, officer: Executive Vice President |
C/O ARK RESTAURANTS CORP, 85 FIFTH AVE, NEW YORK NY 10003 |
| Marcia Allen |
director |
P.O. BOX 399, 2600 W. HOMESTEAD CIRCLE, WILSON WY 83014 |
| Prides Capital Partners, Llc |
10 percent owner |
200 HIGH STREET, SUITE 700, BOSTON MA 02110 |
| Robert Thomas Zankel |
director |
808 BROADWAY, PHB, NEW YORK NY 10003 |
| Stephen A Novick |
director |
ANDREA & CHARLES BRONFMAN PHILANTROPIES, 110 EAST 59TH STREET, 26TH FLOOR, NEW YORK NY 10022 |
| Charles E Mccarthy |
10 percent owner |
200 HIGH STREET, SUITE 700, BOSTON MA 02110 |
Ark Restaurants (Ark Restaurants) Headlines
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