LGI Homes (LGIH)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 3,758,530 3,407,850 3,124,830 2,351,860 1,826,090
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,758,530K
= 0.00

The debt-to-assets ratio of LGI Homes has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This implies that the company has not used debt financing to fund its operations and investments during this period. A debt-to-assets ratio of 0.00 indicates that the company's assets are entirely funded by equity, signaling a low level of financial risk in terms of debt burden. LGI Homes' ability to maintain a debt-to-assets ratio of zero suggests a strong financial position and a conservative approach to capital structure management.