Red Robin Gourmet Burgers (FRA:RRN) LT-Debt-to-Total-Asset : 0.76 (As of Jun. 2024)

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What is Red Robin Gourmet Burgers LT-Debt-to-Total-Asset?

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. Red Robin Gourmet Burgers's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.76.

Red Robin Gourmet Burgers's long-term debt to total assets ratio increased from Jun. 2023 (0.73) to Jun. 2024 (0.76). It may suggest that Red Robin Gourmet Burgers is progressively becoming more dependent on debt to grow their business.

Red Robin Gourmet Burgers LT-Debt-to-Total-Asset Historical Data

The historical data trend for Red Robin Gourmet Burgers's LT-Debt-to-Total-Asset 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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Red Robin Gourmet Burgers LT-Debt-to-Total-Asset Chart

Red Robin Gourmet Burgers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.54

0.63

0.65

0.72

0.76

Red Robin Gourmet Burgers Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.73	0.74	0.76	0.75	0.76

Red Robin Gourmet Burgers LT-Debt-to-Total-Asset Calculation

Red Robin Gourmet Burgers's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	519.052	/	680.353
	=	0.76

Red Robin Gourmet Burgers's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	489.017	/	640.204
	=	0.76

Red Robin Gourmet Burgers (FRA:RRN) 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.

Red Robin Gourmet Burgers LT-Debt-to-Total-Asset Related Terms

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Red Robin Gourmet Burgers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Red Robin Gourmet Burgers Inc (FRA:RRN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RRGB:USA

Address

10000 E. Geddes Avenue, Suite 500, Englewood, CO, USA, 80112

Website

https://www.redrobin.com

Red Robin Gourmet Burgers Inc is a restaurant operator. The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America. Its brands are Red Robin, Red Robin Gourmet Burgers, Red Robin America's Gourmet Burgers and Spirits, Red Robin Burger Works, YUMMM, Red Robin Gourmet Burgers and Brews, and Red Robin Royalty names and logos. The company's revenue consists of sales from restaurant operations, gift card breakage, franchise royalties and fees, and other miscellaneous revenue.

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