H B Fuller Company (FUL)
Debt-to-equity 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-equity ratio | 1.10 | 1.05 | 1.08 | 1.00 | 1.27 |
November 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,010,050K ÷ $1,828,660K
= 1.10
The debt-to-equity ratio of H B Fuller Company has shown a general trend of decreasing over the past five years. Starting at 1.27 in November 28, 2020, it decreased to 1.00 by November 27, 2021, indicating a reduction in the company's reliance on debt financing in relation to equity. Subsequently, the ratio slightly increased to 1.08 on December 3, 2022, but remained relatively stable around 1.05 to 1.10 from December 2, 2023 to November 30, 2024. Overall, the company's debt-to-equity ratio suggests a moderate level of debt compared to equity, with a trend towards a slightly lower leverage position over the years.
Peer comparison
Nov 30, 2024