LGI Homes (LGIH)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 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 | 1,666,120 | 1,636,190 | 1,486,060 | 1,436,200 |
| 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,407,850K
= 0.00
The debt-to-assets ratio for LGI Homes Inc has been relatively stable over the past eight quarters, ranging between 0.38 and 0.41. This ratio measures the proportion of the company's total debt to its total assets, indicating the extent to which the company is financed by debt.
A debt-to-assets ratio of 0.40 in Q4 2023 means that 40% of LGI Homes' assets are financed by debt. This implies that the company relies more on equity financing, which can be seen as a positive sign of financial stability and lower financial risk.
The consistent trend in the debt-to-assets ratio suggests that LGI Homes has been maintaining a prudent approach to debt management and asset utilization over time. Investors and creditors may find comfort in the stability of this ratio, as it indicates a balanced capital structure and healthy financial position for the company.
Peer comparison
Dec 31, 2023