Darden Restaurants Balance Sheet Health
Financial Health criteria checks 2/6
Darden Restaurants has a total shareholder equity of $2.1B and total debt of $1.7B, which brings its debt-to-equity ratio to 80.1%. Its total assets and total liabilities are $11.4B and $9.2B respectively. Darden Restaurants's EBIT is $1.3B making its interest coverage ratio 9.2. It has cash and short-term investments of $192.5M.
Key information
80.1%
Debt to equity ratio
US$1.72b
Debt
| Interest coverage ratio | 9.2x |
| Cash | US$192.50m |
| Equity | US$2.14b |
| Total liabilities | US$9.21b |
| Total assets | US$11.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: D1RI34's short term assets ($819.6M) do not cover its short term liabilities ($2.3B).
Long Term Liabilities: D1RI34's short term assets ($819.6M) do not cover its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: D1RI34's net debt to equity ratio (71.1%) is considered high.
Reducing Debt: D1RI34's debt to equity ratio has increased from 39% to 80.1% over the past 5 years.
Debt Coverage: D1RI34's debt is well covered by operating cash flow (94.1%).
Interest Coverage: D1RI34's interest payments on its debt are well covered by EBIT (9.2x coverage).