Haverty Furniture Companies Inc (HVT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 308,366 | 316,416 | 305,583 | 296,412 | 289,399 | 283,609 | 266,726 | 260,400 | 255,970 | 291,541 | 289,412 | 270,314 | 252,967 | 267,377 | 264,378 | 252,447 | 260,503 | 268,722 | 267,260 | 281,926 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $308,366K)
= 0.00
The debt-to-capital ratio of Haverty Furniture Cos., Inc. has consistently been reported as 0.00 across all quarters from Q1 2022 to Q4 2023. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that all the company's capital is derived from equity rather than debt, suggesting a lower level of financial risk as the company is not relying on borrowed funds to finance its operations. This stable and low debt-to-capital ratio may imply that Haverty Furniture Cos., Inc. has a strong financial position and may appeal to investors seeking companies with lower debt levels. However, it's important to note that while a low debt-to-capital ratio can be favorable, it may also indicate that the company is not taking advantage of potential leverage for growth or expansion.
Peer comparison
Dec 31, 2023