DR Horton Inc (DHI)

Debt-to-assets ratio

		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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	3,200,000	3,200,000	3,000,000	2,900,000	2,900,000	2,800,000	2,700,000	2,500,000	2,400,000	2,300,000	2,100,000	2,100,000	1,900,000	1,800,000	1,700,000	1,800,000	1,700,000	1,700,000	1,600,000	1,600,000
Total assets	US$ in thousands	33,381,600	32,582,400	32,323,100	31,170,800	30,264,500	30,351,100	28,869,900	26,685,300	24,999,400	24,015,900	21,793,500	21,083,800	19,780,400	18,912,300	17,973,900	17,130,000	16,322,900	15,606,600	15,224,000	15,007,000
Debt-to-assets ratio		0.10	0.10	0.09	0.09	0.10	0.09	0.09	0.09	0.10	0.10	0.10	0.10	0.10	0.10	0.09	0.11	0.10	0.11	0.11	0.11

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,200,000K ÷ $33,381,600K
= 0.10

The debt-to-assets ratio of D.R. Horton Inc. has shown some fluctuations over the past eight quarters. As of December 31, 2023, the ratio stood at 0.16, which remained consistent with the previous quarter's figure. This indicates that for every dollar of assets, the company had $0.16 in debt. The stability in the ratio suggests that the company has been effectively managing its debt in relation to its assets. Looking back over the last two years, the ratio has shown a slight decreasing trend, indicating potentially improved financial strength and reduced reliance on debt financing. Overall, the company's debt-to-assets ratio is at a relatively low level, signifying a strong financial position and stable capital structure.