HNI Corp (HNI)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 428,300 | 493,200 | 597,100 | 206,300 | 188,800 | 199,700 | 308,700 | 240,929 | 174,600 | 174,587 | 174,566 | 174,545 | 174,524 | 174,502 | 183,481 | 228,460 | 174,439 | 239,418 | 285,397 | 295,876 |
| Total assets | US$ in thousands | 1,928,800 | 2,017,000 | 2,075,600 | 1,382,800 | 1,414,500 | 1,498,600 | 1,586,700 | 1,525,000 | 1,497,900 | 1,534,370 | 1,477,190 | 1,405,580 | 1,418,000 | 1,374,720 | 1,315,360 | 1,369,900 | 1,452,510 | 1,470,480 | 1,442,110 | 1,423,400 |
| Debt-to-assets ratio | 0.22 | 0.24 | 0.29 | 0.15 | 0.13 | 0.13 | 0.19 | 0.16 | 0.12 | 0.11 | 0.12 | 0.12 | 0.12 | 0.13 | 0.14 | 0.17 | 0.12 | 0.16 | 0.20 | 0.21 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $428,300K ÷ $1,928,800K
= 0.22
HNI Corp's debt-to-assets ratio has fluctuated over the past 5 years. The ratio indicates the proportion of the company's assets that are financed through debt. A higher ratio suggests that a larger portion of the assets is funded by debt, which can potentially increase financial risk.
The trend of the debt-to-assets ratio for HNI Corp shows variability, with the ratio ranging from 0.11 to 0.29 over the 20 quarterly periods. The ratio was lowest at 0.11 in the third quarter of 2021 and highest at 0.29 in the second quarter of 2023.
Overall, HNI Corp's debt-to-assets ratio has generally been below 0.20, indicating that a significant portion of the company's assets are financed through equity rather than debt. This could imply a conservative financing approach, which may be favorable in terms of financial stability and risk management. However, it is important to keep monitoring the ratio to assess changes in the company's capital structure and financial health.