Shake Shack annual debt-to-assets ratio
2018
2019
2020
2021
2022
2023
2024
2025
Shake Shack Debt-to-Assets Ratio Growth & History (SHAK)
Shake Shack's debt-to-assets ratio was 0.47 for fiscal 2025.
View full Shake Shack company overviewShake Shack annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.47 | −0.00 | −0.70% |
| 2024 | 2024-12-25 | 0.47 | −0.00 | −0.67% |
| 2023 | 2023-12-27 | 0.47 | 0.00 | +0.65% |
| 2022 | 2022-12-28 | 0.47 | 0.01 | +1.87% |
| 2021 | 2021-12-29 | 0.46 | 0.12 | +37.17% |
| 2020 | 2020-12-30 | 0.34 | −0.02 | −4.40% |
| 2019 | 2019-12-25 | 0.35 | 0.35 | — |
| 2018 | 2018-12-26 | 0.00 | — | — |
Shake Shack quarterly debt-to-assets ratio
As of Dec 31, 2014
As of Apr 1, 2015
As of Jul 1, 2015
As of Sep 30, 2015
As of Dec 30, 2015
As of Mar 30, 2016
As of Jun 29, 2016
As of Sep 28, 2016
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-07-01 | 0.48 | 0.01 | +2.03% |
| Q1 2026 | 2026-04-01 | 0.48 | 0.00 | +1.02% |
| Q4 2025 | 2025-12-31 | 0.47 | −0.00 | −0.70% |
| Q3 2025 | 2025-09-24 | 0.46 | −0.02 | −3.19% |
| Q2 2025 | 2025-06-25 | 0.47 | −0.00 | −1.03% |
| Q1 2025 | 2025-03-26 | 0.47 | −0.00 | −0.69% |
| Q4 2024 | 2024-12-25 | 0.47 | −0.00 | −0.67% |
| Q3 2024 | 2024-09-25 | 0.48 | 0.00 | +0.25% |
| Q2 2024 | 2024-06-26 | 0.47 | −0.00 | −0.24% |
| Q1 2024 | 2024-03-27 | 0.48 | 0.00 | +0.39% |
| Q4 2023 | 2023-12-27 | 0.47 | 0.00 | +0.65% |
| Q3 2023 | 2023-09-27 | 0.48 | 0.01 | +2.10% |
| Q2 2023 | 2023-06-28 | 0.47 | 0.00 | +0.58% |
| Q1 2023 | 2023-03-29 | 0.48 | 0.01 | +1.54% |
| Q4 2022 | 2022-12-28 | 0.47 | 0.01 | +1.87% |
| Q3 2022 | 2022-09-28 | 0.47 | 0.00 | +0.98% |
| Q2 2022 | 2022-06-29 | 0.47 | 0.02 | +4.06% |
| Q1 2022 | 2022-03-30 | 0.47 | 0.02 | +3.65% |
| Q4 2021 | 2021-12-29 | 0.46 | 0.12 | +37.17% |
| Q3 2021 | 2021-09-29 | 0.46 | 0.13 | +40.04% |
| Q2 2021 | 2021-06-30 | 0.45 | 0.12 | +35.92% |
| Q1 2021 | 2021-03-31 | 0.45 | 0.05 | +11.67% |
| Q4 2020 | 2020-12-30 | 0.34 | −0.02 | −4.40% |
| Q3 2020 | 2020-09-23 | 0.33 | −0.03 | −8.34% |
| Q2 2020 | 2020-06-24 | 0.33 | −0.02 | −6.82% |
| Q1 2020 | 2020-03-25 | 0.40 | 0.06 | +15.78% |
| Q4 2019 | 2019-12-25 | 0.35 | 0.35 | — |
| Q3 2019 | 2019-09-25 | 0.36 | 0.36 | — |
| Q2 2019 | 2019-06-26 | 0.36 | 0.36 | — |
| Q1 2019 | 2019-03-27 | 0.35 | 0.35 | — |
| Q4 2018 | 2018-12-26 | 0.00 | 0.00 | — |
| Q3 2018 | 2018-09-26 | 0.00 | 0.00 | — |
| Q2 2018 | 2018-06-27 | 0.00 | 0.00 | — |
| Q1 2018 | 2018-03-28 | 0.00 | 0.00 | — |
| Q4 2017 | 2017-12-27 | 0.00 | — | — |
| Q3 2017 | 2017-09-27 | 0.00 | 0.00 | — |
| Q2 2017 | 2017-06-28 | 0.00 | 0.00 | — |
| Q1 2017 | 2017-03-29 | 0.00 | −0.00 | — |
| As of Sep 28, 2016 | 2016-09-28 | 0.00 | −0.00 | — |
| As of Jun 29, 2016 | 2016-06-29 | 0.00 | −0.00 | — |
| As of Mar 30, 2016 | 2016-03-30 | 0.00 | −0.00 | −64.28% |
| As of Dec 30, 2015 | 2015-12-30 | 0.00 | −0.39 | −99.79% |
| As of Sep 30, 2015 | 2015-09-30 | 0.00 | — | — |
| As of Jul 1, 2015 | 2015-07-01 | 0.00 | — | — |
| As of Apr 1, 2015 | 2015-04-01 | 0.00 | — | — |
| As of Dec 31, 2014 | 2014-12-31 | 0.39 | — | — |
Shake Shack debt-to-assets ratio trends
Over the last five fiscal years, Shake Shack's debt-to-assets ratio increased from 0.34 to 0.47, a change of 0.13. The latest reported quarter, Q2 2026, shows 0.48.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Shake Shack source filings ↗