Darden Restaurants (Darden Restaurants) Cash-to-Debt : 0.05 (As of Feb. 2024)

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What is Darden Restaurants Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Darden Restaurants's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.05.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Darden Restaurants couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

The historical rank and industry rank for Darden Restaurants's Cash-to-Debt or its related term are showing as below:

DRI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 0.89
Current: 0.05

During the past 13 years, Darden Restaurants's highest Cash to Debt Ratio was 0.89. The lowest was 0.03. And the median was 0.15.

DRI's Cash-to-Debt is ranked worse than
86.51% of 341 companies
in the Restaurants industry
Industry Median: 0.4 vs DRI: 0.05

Darden Restaurants Cash-to-Debt Historical Data

The historical data trend for Darden Restaurants's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Darden Restaurants Cash-to-Debt Chart

Darden Restaurants Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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0.49

0.14

0.23

0.09

0.08

Darden Restaurants Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.08	0.04	0.04	0.05

Competitive Comparison of Darden Restaurants's Cash-to-Debt

For the Restaurants subindustry, Darden Restaurants's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Darden Restaurants's Cash-to-Debt Distribution in the Restaurants Industry

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

* The bar in red indicates where Darden Restaurants's Cash-to-Debt falls into.

Darden Restaurants Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Darden Restaurants's Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	367.8	/	(196	+	4597.9)
	=	0.08

Darden Restaurants's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	243.9	/	(158.7	+	5147.2)
	=	0.05

Darden Restaurants (NYSE:DRI) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Darden Restaurants Cash-to-Debt Related Terms

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Darden Restaurants (Darden Restaurants) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Darden Restaurants Inc (NYSE:DRI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DDN:Germany DDN:Germany

Address

1000 Darden Center Drive, Orlando, FL, USA, 32837

Website

https://www.darden.com

Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2023, the company operated 1,914 restaurants in the U.S.

Executives

John W. Madonna	officer: SVP, Corporate Controller	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Douglas J. Milanes	officer: SVP, Chief Supply Chain Ofcr	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Melvin John Martin	officer: President, SRG	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Sarah H. King	officer: SVP, Chief HR Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Susan M. Connelly	officer: SVP, Chief Comm & PA Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Lee Eugene I Jr	officer: President, Speciality Rest Grp	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Rajesh Vennam	officer: SVP, CFO and Treasurer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Ricardo Cardenas	officer: SVP Chief Strategy Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Matthew R Broad	officer: SVP General Counsel	C/O DARDEN RESTAURANTS, INC., 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Todd Burrowes	officer: President, LongHorn Steakhouse	150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Daniel J. Kiernan	officer: President, Olive Garden	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
William S Simon	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Nana Mensah	director	1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Richard L. Renninger	officer: SVP, Chief Development Officer	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Timothy J Wilmott	director	C/O PENN NATIONAL GAMING, INC., 825 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610