DR Horton Inc (DHI)

Financial leverage ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Total assets	US$ in thousands	36,104,300	32,582,400	30,351,100	24,015,900	18,912,300
Total stockholders’ equity	US$ in thousands	25,312,800	22,696,200	19,396,300	14,886,500	11,840,000
Financial leverage ratio		1.43	1.44	1.56	1.61	1.60

September 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $36,104,300K ÷ $25,312,800K
= 1.43

The financial leverage ratio of DR Horton Inc has shown a slight decrease from 1.44 in 2023 to 1.43 in 2024. This indicates that the company relies less on debt to finance its assets compared to the previous year. Looking further back, the trend shows a decreasing pattern from 1.60 in 2020 to 1.43 in 2024, suggesting a prudent approach towards managing its debt levels. However, it is still higher than the ratios reported in 2022 and 2021, indicating that the company has been increasing its leverage compared to those years. Overall, the company's financial leverage ratio demonstrates a mixed trend over the past five years, reflecting varying levels of debt utilization to support its operations and growth.