Haverty Furniture Companies Inc (HVT)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $308,366K
= 0.00
The debt-to-equity ratio of Haverty Furniture Cos., Inc. has remained consistently at 0.00 across all quarters in the provided data. This indicates that the company has been financing its operations and growth primarily through equity rather than debt. A debt-to-equity ratio of 0.00 signifies that the company does not have any debt on its balance sheet relative to its equity, which could suggest a lower financial risk and potentially more financial stability. However, while a low or zero debt-to-equity ratio can be interpreted positively in terms of financial health, it may also imply missed opportunities for leveraging debt to potentially enhance returns for shareholders. Further analysis of the company's capital structure and overall financial strategy would be necessary to provide a more comprehensive evaluation.
Peer comparison
Dec 31, 2023