Floor & Decor Holdings Inc (FND)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 194,939 | 195,042 | 230,145 | 301,748 | 405,551 | 371,854 | 264,157 | 195,660 | 195,762 | 195,865 | 195,443 | 195,546 | 207,157 | 206,793 | 206,977 | 413,326 | 142,606 | 143,288 | 140,470 | 141,152 |
| Total stockholders’ equity | US$ in thousands | 1,930,990 | 1,885,480 | 1,809,780 | 1,728,420 | 1,657,180 | 1,582,620 | 1,494,290 | 1,402,420 | 1,323,200 | 1,264,910 | 1,179,600 | 1,080,720 | 997,388 | 931,505 | 850,496 | 809,289 | 764,336 | 723,040 | 670,888 | 619,961 |
| Debt-to-equity ratio | 0.10 | 0.10 | 0.13 | 0.17 | 0.24 | 0.23 | 0.18 | 0.14 | 0.15 | 0.15 | 0.17 | 0.18 | 0.21 | 0.22 | 0.24 | 0.51 | 0.19 | 0.20 | 0.21 | 0.23 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $194,939K ÷ $1,930,990K
= 0.10
Floor & Decor Holdings Inc has maintained a relatively stable debt-to-equity ratio over the past few years. The ratio has ranged between 0.10 and 0.51 during the periods provided, exhibiting fluctuations but generally staying within a reasonable range.
At the end of the most recent period, the debt-to-equity ratio was reported at 0.10, which indicates that the company had a lower level of debt relative to its equity on hand. This suggests that the company is relying more on equity financing rather than debt financing to support its operations and growth.
The trend in the debt-to-equity ratio shows that there was a significant increase in the ratio at the end of 2019, reaching a ratio of 0.51, which may signal a period of higher leverage or increased debt relative to equity. However, the ratio has since decreased and stabilized around lower levels, indicating a potentially more conservative approach to debt management by the company in recent years.
Overall, the debt-to-equity ratio analysis suggests that Floor & Decor Holdings Inc has been managing its debt levels effectively, maintaining a balanced capital structure that combines both debt and equity financing to support its business operations.
Peer comparison
Dec 31, 2023