Ethan Allen Interiors Inc (ETD)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 50,000 |
| Total assets | US$ in thousands | 744,917 | 745,453 | 719,895 | 683,245 | 622,789 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $744,917K
= 0.00
The debt-to-assets ratio for Ethan Allen Interiors Inc has consistently remained at 0.00 for the past five years, indicating that the company has not utilized any debt to finance its operations during this period. This suggests that the company relies primarily on equity financing to support its assets, which can be seen as a positive sign of financial stability and strength. However, it is worth noting that in the fiscal year ending June 30, 2020, the debt-to-assets ratio briefly increased to 0.08, which may have indicated a temporary shift towards debt financing. Overall, the consistently low ratio reflects a conservative approach to capital structure management by the company.
Peer comparison
Jun 30, 2024