HNI Corp (HNI)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 294,300 | 428,300 | 188,800 | 174,600 | 174,524 |
| Total stockholders’ equity | US$ in thousands | 840,100 | 761,400 | 616,500 | 589,600 | 590,419 |
| Debt-to-equity ratio | 0.35 | 0.56 | 0.31 | 0.30 | 0.30 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $294,300K ÷ $840,100K
= 0.35
The debt-to-equity ratio for HNI Corp has remained relatively stable over the years 2020 and 2021, standing at 0.30 for both periods. In 2022, the ratio increased slightly to 0.31, indicating a slightly higher proportion of debt relative to equity. However, there was a more significant increase in the ratio in 2023, reaching 0.56, which suggests a notable increase in the company's debt compared to its equity.
Subsequently, in 2024, the ratio decreased to 0.35, showing a reduction in the proportion of debt relative to equity from the previous year. Overall, the trend in the debt-to-equity ratio for HNI Corp appears to have some fluctuations, with a notable increase in 2023 followed by a decline in 2024. Further analysis would be needed to understand the specific factors driving these changes and their implications for the company's financial health and risk profile.