HNI Corp (HNI)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 294,300 | 294,500 | 460,200 | 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 |
| Total assets | US$ in thousands | 1,875,100 | 1,913,400 | 1,912,600 | 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 |
| Debt-to-assets ratio | 0.16 | 0.15 | 0.24 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $294,300K ÷ $1,875,100K
= 0.16
The debt-to-assets ratio of HNI Corp has displayed fluctuations over the analyzed period. The ratio stood at 0.12 as of December 31, 2019, indicating that 12% of the company's assets were financed through debt. It slightly increased to 0.17 by March 31, 2020, but then decreased to 0.14 by June 30, 2020. Subsequently, the ratio remained relatively stable around 0.12 to 0.13 through March 31, 2021, before experiencing a slight increase to 0.16 by March 31, 2022.
The ratio peaked at 0.29 on June 30, 2023, implying a higher proportion of assets were financed by debt during that period. However, it decreased to 0.15 by September 30, 2024, and then slightly increased to 0.16 by December 31, 2024.
Overall, the fluctuations in the debt-to-assets ratio suggest changes in the company's capital structure and the extent to which it relies on debt to fund its operations and investments. Investors and creditors may monitor this ratio to assess the company's financial risk and leverage position.