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Darden Restaurants LT-Debt-to-Total-Asset

: 0.50 (As of Feb. 2021)
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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Darden Restaurants's long-term debt to total assests ratio for the quarter that ended in Feb. 2021 was 0.50.

Darden Restaurants's long-term debt to total assets ratio declined from Feb. 2020 (0.53) to Feb. 2021 (0.50). It may suggest that Darden Restaurants is progressively becoming less dependent on debt to grow their business.


Darden Restaurants LT-Debt-to-Total-Asset Historical Data

* 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.

Darden Restaurants Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.18 0.17 0.16 0.52

Darden Restaurants Quarterly Data
May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.52 0.53 0.52 0.50

Darden Restaurants LT-Debt-to-Total-Asset Calculation

Darden Restaurants's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2020 is calculated as

LT Debt to Total Assets (A: May. 2020 )=Long-Term Debt & Capital Lease Obligation (A: May. 2020 )/Total Assets (A: May. 2020 )
=5205.1/9946.1
=0.52

Darden Restaurants's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2021 is calculated as

LT Debt to Total Assets (Q: Feb. 2021 )=Long-Term Debt & Capital Lease Obligation (Q: Feb. 2021 )/Total Assets (Q: Feb. 2021 )
=5086/10096.1
=0.50

* 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.


Darden Restaurants  (NYSE:DRI) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.


Darden Restaurants LT-Debt-to-Total-Asset Related Terms


Darden Restaurants LT-Debt-to-Total-Asset Headlines

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