Haverty Furniture Companies Inc (HVT)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $308,366K
= 0.00
The debt-to-equity ratio of Haverty Furniture Companies Inc has been consistently reported as 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not reported any debt in relation to equity within the given period. A debt-to-equity ratio of 0.00 suggests that the company primarily relies on equity financing rather than debt financing to fund its operations and growth. This can be perceived positively by investors and creditors as it implies a lower level of financial risk and leverage within the company. However, it is essential to consider other financial metrics and factors to gain a holistic understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2023