H B Fuller Company (FUL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,828,660 | 1,840,990 | 1,791,390 | 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 |
| Debt-to-equity ratio | 1.10 | 1.10 | 1.13 | 1.03 | 1.05 | 1.08 | 1.10 | 1.13 | 1.08 | 1.19 | 1.18 | 1.15 | 1.00 | 1.04 | 1.08 | 1.21 | 1.27 | 1.41 | 1.57 | 1.56 |
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 gradual decline over the past few years based on the provided data. From February 29, 2020, where the ratio was at 1.56, it has decreased to 1.10 as of November 30, 2024. This indicates that the company has been reducing its reliance on debt financing relative to equity financing.
A decreasing debt-to-equity ratio suggests that the company is becoming less leveraged, which could be seen as a positive sign as it usually means the company is relying less on borrowed money to fund its operations. However, it's also important to consider that a very low debt-to-equity ratio can sometimes indicate that the company is not taking advantage of leverage to potentially boost returns for shareholders.
Overall, the decreasing trend in H B Fuller Company's debt-to-equity ratio indicates a shift towards a more balanced capital structure over the analyzed period.
Peer comparison
Nov 30, 2024