DR Horton Inc (DHI)

Debt-to-assets 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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	3,500,000	3,400,000	3,200,000	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
Total assets	US$ in thousands	36,104,300	35,151,400	34,398,200	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
Debt-to-assets ratio		0.10	0.10	0.09	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

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,500,000K ÷ $36,104,300K
= 0.10

The debt-to-assets ratio of DR Horton Inc has remained relatively stable over the past few quarters, ranging between 0.09 and 0.11. This ratio indicates the proportion of the company's total assets financed by debt, with lower ratios generally reflecting lower financial risk and greater financial stability.

The consistent range of the debt-to-assets ratio suggests that DR Horton Inc has maintained a prudent balance between debt and assets, which may indicate a sustainable capital structure. However, it is important to note that while the ratio has not shown significant fluctuations, it is crucial to analyze other financial metrics and consider industry benchmarks for a more comprehensive assessment of the company's financial health.