H B Fuller Company (FUL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,767,520 | 1,755,200 | 1,726,440 | 1,682,490 | 1,633,470 | 1,610,170 | 1,578,090 | 1,614,150 | 1,645,250 | 1,596,770 | 1,567,290 | 1,562,630 | 1,441,620 | 1,381,320 | 1,313,390 | 1,218,370 | 1,221,600 | 1,222,350 | 1,175,600 | 1,162,580 |
| Debt-to-capital ratio | 0.51 | 0.51 | 0.52 | 0.52 | 0.53 | 0.52 | 0.54 | 0.54 | 0.53 | 0.50 | 0.51 | 0.52 | 0.55 | 0.56 | 0.58 | 0.61 | 0.61 | 0.61 | 0.64 | 0.65 |
March 2, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,829,250K ÷ ($1,829,250K + $1,767,520K)
= 0.51
The debt-to-capital ratio of H B Fuller Company has shown some fluctuations over the past several quarters, ranging from 0.50 to 0.65. This ratio indicates the proportion of the company's capital that is financed by debt. A higher ratio suggests that the company is relying more on debt to fund its operations and growth.
The trend in the debt-to-capital ratio shows an increase from 0.50 in November 2021 to 0.65 in June 2019, indicating a gradual rise in debt relative to capital over this period. This could imply an increase in the company's debt levels or a decrease in its capital structure.
It is important for investors and analysts to monitor changes in the debt-to-capital ratio, as a significant increase in this ratio could indicate higher financial risk for the company, as it may face challenges in servicing its debt obligations. Conversely, a decreasing ratio may signal a stronger capital position and lower financial risk.
Overall, while the debt-to-capital ratio of H B Fuller Company has fluctuated over the past few quarters, it is essential to assess the company's overall financial health and performance in conjunction with other financial ratios and factors to gain a comprehensive understanding of its leverage and risk profile.