H B Fuller Company (FUL)
Debt-to-assets ratio
| Nov 30, 2024 | Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,010,050 | 1,836,590 | 1,736,260 | 1,591,480 | 1,756,980 |
| Total assets | US$ in thousands | 4,933,240 | 4,723,580 | 4,463,630 | 4,274,530 | 4,036,700 |
| Debt-to-assets ratio | 0.41 | 0.39 | 0.39 | 0.37 | 0.44 |
November 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,010,050K ÷ $4,933,240K
= 0.41
The debt-to-assets ratio for H B Fuller Company has shown a decreasing trend over the past few years, indicating an improvement in the company's financial leverage and potentially reduced financial risk. As of November 30, 2024, the ratio stands at 0.41, which means that 41% of the company's total assets are financed by debt. This suggests that the company has a relatively conservative capital structure, with a larger portion of assets being financed through equity. Overall, the decreasing trend in the debt-to-assets ratio reflects a positive financial position for H B Fuller Company, as it indicates efficient management of debt levels in relation to its total assets.
Peer comparison
Nov 30, 2024