Haverty Furniture Companies Inc (HVT)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 308,366 | 289,399 | 255,970 | 252,967 | 260,503 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $308,366K)
= 0.00
The Debt-to-Capital ratio for Haverty Furniture Companies Inc has remained consistently at 0.00 over the past five years, indicating that the company has not utilized any debt to finance its operations relative to its total capital. This suggests that the company has relied primarily on equity financing to support its growth and operations, and has maintained a strong financial position with minimal leverage. The consistent 0.00 ratio reflects a conservative approach to capital structure, as the absence of debt in the capital mix reduces the company's financial risk and potential interest expenses. Overall, Haverty Furniture Companies Inc's stable Debt-to-Capital ratio suggests a prudent financial strategy focused on minimizing debt exposure and maintaining a solid financial standing.
Peer comparison
Dec 31, 2023