KB Home (KBH)
Debt-to-assets ratio
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,648,360 | 6,651,930 | 5,835,920 | 5,356,440 | 5,015,480 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,648,360K
= 0.00
The debt-to-assets ratio for KB Home has shown a decreasing trend over the past five years, indicating a progressively stronger financial position in terms of leverage. As of November 30, 2023, the ratio stands at 0.25, down from 0.28 in the previous year. This suggests that for every dollar of assets, the company has 25 cents in debt. The declining trend in this ratio indicates that the company has been effectively managing its debt relative to its asset base, potentially reducing its financial risk and enhancing its ability to generate returns for equity holders. It also reflects positively on the company's ability to finance its operations through equity or internal funds rather than relying heavily on debt financing. This trend may signal improved financial strength and stability for KB Home.
Peer comparison
Nov 30, 2023