Haverty Furniture Companies Inc (HVT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 654,133 | 649,049 | 686,290 | 680,372 | 560,072 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $654,133K
= 0.00
The debt-to-assets ratio of Haverty Furniture Companies Inc has consistently been reported as 0.00 over the past five years, including for the latest financial year ending on December 31, 2023. This indicates that the company does not have any debt obligations relative to its total assets. A debt-to-assets ratio of 0.00 implies that the company finances its operations and investments primarily through equity rather than debt, which can be viewed positively as it signifies lower financial risk and a strong financial position. However, it's important to note that the absence of debt may limit the company's ability to take advantage of tax benefits associated with debt financing as well as potentially restricting its flexibility in managing capital structure. Overall, the consistently low debt-to-assets ratio suggests a conservative approach to financial leverage by Haverty Furniture Companies Inc.
Peer comparison
Dec 31, 2023