Dream Finders Homes Inc (DFH)

Debt-to-equity ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,115,070	1,047,490	968,709	924,584	986,072	919,479	850,475	800,693	716,372	647,155	595,792	556,383	499,904	329,403	300,200
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,115,070K
= 0.00

Based on the data provided, Dream Finders Homes Inc has consistently maintained a debt-to-equity ratio of 0.00 across all the reporting periods listed. A debt-to-equity ratio of 0.00 indicates that the company has not used any debt to finance its operations and relies entirely on equity to fund its activities. This suggests that the company has a strong financial position with minimal financial leverage, which may indicate lower financial risk and higher financial stability. However, it's also important to consider that a debt-to-equity ratio of 0.00 could also signify that the company has recently cleared any outstanding debt, or may not have any debt on its balance sheet. Additional information and analysis of the company's capital structure and financial policies would provide a more comprehensive understanding of Dream Finders Homes Inc's financial health.