H B Fuller Company (FUL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,828,660 | 1,755,200 | 1,610,170 | 1,596,770 | 1,381,320 |
| Debt-to-capital ratio | 0.52 | 0.51 | 0.52 | 0.50 | 0.56 |
November 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,010,050K ÷ ($2,010,050K + $1,828,660K)
= 0.52
The debt-to-capital ratio of H B Fuller Company has shown a decreasing trend over the years based on the provided data. It stood at 0.56 as of November 28, 2020, and has gradually decreased to 0.50 as of November 27, 2021. The ratio slightly increased to 0.52 by the end of December 3, 2022, but then decreased again to 0.51 by December 2, 2023. Finally, as of November 30, 2024, the debt-to-capital ratio slightly increased to 0.52.
This indicates that the company has been reducing its dependency on debt in relation to its total capital over this period. A decreasing trend in the debt-to-capital ratio is generally viewed positively as it suggests lower financial risk and a stronger financial position for the company. Nevertheless, it is important to consider other factors and industry norms when assessing the company's overall financial health and leverage position.
Peer comparison
Nov 30, 2024