Haverty Furniture Companies Inc (HVT)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 654,133 | 676,681 | 656,190 | 648,415 | 649,049 | 692,946 | 694,296 | 693,885 | 686,290 | 763,760 | 761,141 | 708,272 | 680,372 | 699,425 | 651,109 | 574,879 | 560,072 | 578,503 | 560,776 | 575,083 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Based on the data provided for the debt-to-assets ratio of Haverty Furniture Cos., Inc. from the last eight quarters, the ratio has consistently remained at 0.00 across all periods. This indicates that the company has not used any debt to finance its assets during this time frame. A debt-to-assets ratio of 0.00 suggests that the company has relied solely on equity financing to support its operations and investments. While a low debt-to-assets ratio can signify financial stability and lower risk, it may also imply missed opportunities to leverage debt for potential growth and expansion. To gain a complete understanding of the company's financial health and management's strategic decisions, it would be beneficial to analyze other financial ratios and key performance indicators in conjunction with the debt-to-assets ratio.
Peer comparison
Dec 31, 2023