KB Home (KBH)
Solvency ratios
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.71 | 1.72 | 1.70 | 1.72 | 1.74 | 1.72 | 1.72 | 1.76 | 1.82 | 1.93 | 2.00 | 1.97 | 1.93 | 2.03 | 1.95 | 1.97 | 2.01 | 2.02 | 2.02 | 2.07 |
The solvency ratios for KB Home indicate a consistently low level of debt relative to assets, capital, and equity over the period from February 29, 2020, to November 30, 2024. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have remained at 0.00 throughout this period, which suggests that the company has effectively managed its debt levels in relation to its total assets, capital, and equity.
The Financial leverage ratio, which measures the proportion of debt in the company's capital structure, has shown a decreasing trend from 2.07 on February 29, 2020, to 1.71 on November 30, 2024. This decline indicates that KB Home has been reducing its reliance on debt financing over time, which can be a positive sign for the company's financial stability and ability to meet its obligations.
Overall, the solvency ratios reflect a strong financial position for KB Home, with a low level of debt and a decreasing financial leverage ratio, suggesting a conservative approach to managing its financial structure and solvency risk.
Coverage ratios
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 126.73 | 80.55 | 28.60 | 30.79 | 33.28 | 40.10 | 301.96 | 709.22 | 9,473.14 | 1,282.12 | 631.48 | 346.43 | 234.32 | 163.57 | 122.97 | 87.69 | 87.87 | 88.59 | 111.46 | 178.27 |
The interest coverage ratio of KB Home has shown significant fluctuations over the period from February 29, 2020, to November 30, 2024. The ratio started at a very high level of 178.27 in February 2020, indicating the company's strong ability to cover its interest payments with its operating earnings.
Subsequently, the interest coverage ratio decreased in the following quarters, reaching a low of 30.79 in February 2024. This downward trend in the ratio suggests a potential decrease in KB Home's ability to cover its interest expenses with its earnings during this period.
It is worth noting that there were instances of substantial spikes in the interest coverage ratio, such as in August 31, 2022, and November 30, 2022, where the ratio soared to 1,282.12 and 9,473.14, respectively. These high ratios indicate that KB Home experienced significant improvements in its ability to cover interest expenses compared to previous periods.
Overall, the fluctuating trend in the interest coverage ratio of KB Home suggests varying degrees of financial stability and capacity to meet its interest obligations over the analyzed period. Further examination and consideration of the company's financial performance and market conditions would be necessary to fully understand the reasons behind these fluctuations.