H B Fuller Company (FUL)
Debt-to-assets ratio
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,010,050 | 2,020,270 | 2,023,520 | 1,829,250 | 1,836,590 | 1,872,470 | 1,852,040 | 1,845,280 | 1,736,260 | 1,885,040 | 1,903,980 | 1,888,260 | 1,591,480 | 1,636,690 | 1,685,550 | 1,741,890 | 1,756,980 | 1,847,840 | 1,908,340 | 1,904,900 |
| Total assets | US$ in thousands | 4,933,240 | 4,978,240 | 4,919,110 | 4,681,970 | 4,723,580 | 4,659,910 | 4,618,050 | 4,535,740 | 4,463,630 | 4,571,640 | 4,620,480 | 4,641,440 | 4,274,530 | 4,258,270 | 4,266,930 | 4,113,750 | 4,036,700 | 3,981,720 | 3,979,060 | 4,025,270 |
| Debt-to-assets ratio | 0.41 | 0.41 | 0.41 | 0.39 | 0.39 | 0.40 | 0.40 | 0.41 | 0.39 | 0.41 | 0.41 | 0.41 | 0.37 | 0.38 | 0.40 | 0.42 | 0.44 | 0.46 | 0.48 | 0.47 |
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 of H B Fuller Company has shown a gradual decline from 0.47 as of February 29, 2020, to 0.41 as of November 30, 2024, with some fluctuations in between. This ratio indicates that the company's total liabilities represent 41% of its total assets as of the latest available data. The decreasing trend in the debt-to-assets ratio suggests that the company has been either reducing its debt levels or increasing its asset base over the analyzed period. A lower debt-to-assets ratio generally indicates a lower financial risk and better financial stability for the company, as it signifies a smaller proportion of debt relative to total assets. This trend could be a positive signal for investors and creditors, as it may indicate improved financial health and capacity to meet its financial obligations. However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-assets ratio to gain a comprehensive understanding of H B Fuller Company's overall financial position.
Peer comparison
Nov 30, 2024