How much debt does Darden Restaurants have?

According to Darden Restaurants's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

Darden Restaurants's total debt stands at $5.43B. This is broken down into:

• Long-term debt: $5.08B
• Short-term debt: $352.70M

The company's net debt, which accounts for cash and cash equivalents, is $5.23B. In terms of overall financial obligations, Darden Restaurants's total liabilities amount to $9.08B.

Debt Ratios and Metrics

To better understand Darden Restaurants's debt position, we can look at several key ratios:

• Debt to Equity Ratio: 2.42 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 47.94% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: 9.18 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: 37.93% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 70.76% - this indicates the total debt in the company's capital structure.

These metrics provide insight into Darden Restaurants's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.