HNI Corp (HNI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 840,100 | 846,600 | 771,500 | 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 |
| Financial leverage ratio | 2.23 | 2.26 | 2.48 | 2.53 | 2.72 | 2.90 | 2.26 | 2.29 | 2.47 | 2.82 | 2.62 | 2.54 | 2.44 | 2.33 | 2.28 | 2.40 | 2.40 | 2.38 | 2.48 | 2.49 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,875,100K ÷ $840,100K
= 2.23
HNI Corp's financial leverage ratio has shown some fluctuations over the period from December 31, 2019, to December 31, 2024. The financial leverage ratio provides insights into the company's level of financial risk and its reliance on debt financing.
During this period, the financial leverage ratio ranged from a low of 2.26 to a high of 2.90. A higher financial leverage ratio indicates a higher level of debt relative to equity in the company's capital structure.
Notable changes in the financial leverage ratio occurred, with some periods showing increases and others showing decreases. For example, the ratio decreased from 2.82 on June 30, 2022, to 2.26 on September 30, 2024. This reduction in the ratio could indicate a decrease in the company's reliance on debt financing or an increase in equity in the capital structure.
Overall, the trend in HNI Corp's financial leverage ratio indicates some variability in the company's capital structure and debt levels over the analyzed period. It's important for investors and stakeholders to monitor these changes to assess the company's financial risk and stability.