Ethan Allen Interiors Inc (ETD)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 50,000 | 50,000 | — | — | — |
| Total assets | US$ in thousands | 744,917 | 742,216 | 722,175 | 739,563 | 745,453 | 741,323 | 713,981 | 721,849 | 719,895 | 714,903 | 689,328 | 678,294 | 683,245 | 687,546 | 636,219 | 622,521 | 622,789 | 703,104 | 621,927 | 653,899 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.08 | 0.00 | 0.00 | 0.00 |
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 remained consistently low over the past several quarters, with a reading of 0.00 for most of the periods analyzed. This indicates that the company has very little debt in comparison to its total assets.
However, there was a slight increase in the debt-to-assets ratio to 0.08 in the most recent quarter, indicating a small proportion of debt relative to total assets. It's important to note that even though the ratio increased, it still remains relatively low which suggests that Ethan Allen Interiors Inc has a conservative approach to debt management.
Overall, the low and stable debt-to-assets ratio for the company demonstrates a strong financial position with a lower risk of financial distress due to excessive debt levels.
Peer comparison
Jun 30, 2024