DR Horton Inc (DHI)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	23,153,400	22,696,200	21,656,400	20,712,700	20,153,300	19,396,300	18,062,500	16,774,900	15,677,700	14,886,500	13,802,900	12,963,100	12,485,200	11,840,000	11,048,000	10,458,000	10,227,400	10,020,900	9,642,400	9,360,300
Financial leverage ratio		1.44	1.44	1.49	1.50	1.50	1.56	1.60	1.59	1.59	1.61	1.58	1.63	1.58	1.60	1.63	1.64	1.60	1.56	1.58	1.60

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $33,381,600K ÷ $23,153,400K
= 1.44

The financial leverage ratio of D.R. Horton Inc. has shown relatively consistent levels over the past eight quarters, ranging from 1.44 to 1.60. This ratio indicates that the company's reliance on debt to finance its assets has remained relatively stable during this period. A financial leverage ratio above 1 suggests that the company is using more debt than equity to finance its operations and investments. The slight fluctuations in the ratio from quarter to quarter may be attributed to changes in the company's capital structure, such as debt repayments, issuance of new debt, or changes in equity financing. Overall, maintaining a stable financial leverage ratio suggests a consistent approach to balancing debt and equity in the company's capital structure.