Ethan Allen Interiors Inc (ETD)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 482,980 | 471,028 | 407,349 | 351,443 | 328,065 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $482,980K
= 0.00
The debt-to-equity ratio of Ethan Allen Interiors Inc has been consistently decreasing over the past five years, with a significant drop from 0.15 in June 2020 to 0.00 in subsequent years. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount in comparison to its equity. This suggests that Ethan Allen Interiors Inc relies more on equity financing rather than debt to fund its operations and growth. The decreasing trend in the debt-to-equity ratio signifies a strengthened financial position and reduced financial risk for the company, as it is becoming less reliant on debt to finance its activities.
Peer comparison
Jun 30, 2024