Shake Shack's net debt stood at USD 310 mil and accounted for 71.3% of equity at the end of 2021. The ratio is up 23.3 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 235% in 2014 and a low of -50.3% in 2012 between 2012 and 2021. The average for the last five years was 28.4%.
Net debt to EBITDA was calculated at 3.30x at the end of the year.
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The company’s cost of funding amounted to 0.291% in 2021, down which is above the 5-year of 12.0%. Funding costs have “eaten” some 9.95% of the operating profit generated in 2019.
You can see all the company’s data at Shake Shack profile, or you can download a report on the company in the report section.
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