Haverty Furniture Companies Inc (HVT)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 654,133 | 649,049 | 686,290 | 680,372 | 560,072 |
| Total stockholders’ equity | US$ in thousands | 308,366 | 289,399 | 255,970 | 252,967 | 260,503 |
| Financial leverage ratio | 2.12 | 2.24 | 2.68 | 2.69 | 2.15 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $654,133K ÷ $308,366K
= 2.12
The financial leverage ratio of Haverty Furniture Companies Inc has shown some fluctuation over the past five years. It decreased from 2.69 in 2020 to 2.12 in 2023, indicating a reduction in the level of financial leverage. This suggests that the company has been relying less on debt financing in recent years. However, it is important to note that the ratio increased significantly in 2021 to 2.68 before slightly declining in 2022 to 2.24. Overall, the trend indicates that the company's capital structure has been evolving, with varying levels of leverage being utilized. Further analysis of the company's debt levels and profitability metrics would provide additional insights into its financial health and risk profile.
Peer comparison
Dec 31, 2023