H B Fuller Company (FUL)
Debt-to-assets ratio
| 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 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 1,898,380 | 2,080,340 | 2,148,650 |
| Total assets | US$ in thousands | 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 | 3,985,730 | 4,032,680 | 4,149,860 |
| Debt-to-assets ratio | 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 | 0.48 | 0.52 | 0.52 |
March 2, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,829,250K ÷ $4,681,970K
= 0.39
The debt-to-assets ratio of H B Fuller Company has shown some fluctuations over the past few quarters. The ratio has been hovering around the range of 0.37 to 0.52, indicating that the company has been using a moderate to high level of debt to finance its assets.
In general, a higher debt-to-assets ratio suggests that a larger portion of the company's assets are financed through debt rather than equity. A ratio above 0.5 may indicate a higher financial risk due to a significant reliance on debt financing.
It is noteworthy that the ratio has been relatively stable around 0.39 to 0.41 in recent quarters, suggesting a certain level of consistency in the company's debt management practices. However, the increase in the ratio to 0.52 in some periods may warrant further scrutiny to assess the company's leverage and financial health.
Overall, monitoring the trend of the debt-to-assets ratio over time can provide insight into the company's capital structure and financial risk profile, helping stakeholders assess the potential impact of debt on the company's profitability and stability.