HNI Corp (HNI)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	761,400	740,800	715,000	612,800	616,500	606,100	561,700	581,718	589,600	629,384	634,460	617,436	590,419	573,269	552,747	551,332	584,044	560,022	529,184	544,927
Debt-to-equity ratio		0.56	0.67	0.84	0.34	0.31	0.33	0.55	0.41	0.30	0.28	0.28	0.28	0.30	0.30	0.33	0.41	0.30	0.43	0.54	0.54

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $428,300K ÷ $761,400K
= 0.56

The debt-to-equity ratio of HNI Corp has fluctuated over the past few years. In general, a lower debt-to-equity ratio indicates that a company relies less on debt financing and may be considered less risky by investors and creditors.

Looking at the trend in HNI Corp's debt-to-equity ratio, we can see that it has been relatively stable between 2019 and 2021, ranging from 0.28 to 0.43. There was a noticeable increase in the ratio in the first half of 2022, peaking at 0.55, before declining to 0.31 by the end of 2022.

In 2023, the ratio started at 0.34 but increased to 0.84 in the third quarter and then decreased to 0.67 by the end of the year. This suggests some fluctuations in the company's capital structure and leverage levels during the year.

Overall, HNI Corp's debt-to-equity ratio has shown variability, which could indicate changes in the company's debt and equity levels. Investors and stakeholders may want to monitor this ratio to assess the company's financial risk and leverage position.