LGI Homes (LGIH)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total assets US$ in thousands 3,758,530 3,825,830 3,701,930 3,522,890 3,407,850 3,335,010 3,139,540 3,100,920 3,124,830 3,112,800 2,873,360 2,594,230 2,351,860 2,153,560 2,058,840 1,825,490 1,826,090 1,762,840 1,636,380 1,719,040
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

December 31, 2024 calculation

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

The debt-to-assets ratio for LGI Homes has consistently remained at 0.00 across multiple quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its operations, and its assets are primarily financed by equity. A debt-to-assets ratio of 0.00 signifies a strong financial position with no financial leverage, as the company has no debt relative to its total assets. LGI Homes' consistent debt-to-assets ratio of 0.00 reflects a conservative approach to capital structure and suggests a lower risk of financial distress associated with debt obligations.