LGI Homes (LGIH)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,856,030 1,802,680 1,731,010 1,674,230 1,642,410 1,606,980 1,513,920 1,422,750 1,395,850 1,335,770 1,286,410 1,218,640 1,139,000 1,012,670 918,782 859,605 845,193 777,047 725,235 676,926
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

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,856,030K)
= 0.00

The debt-to-capital ratio of LGI Homes Inc has ranged between 0.41 and 0.44 over the past eight quarters, indicating the proportion of the company's total debt to its total capital. The ratio has been relatively stable within this range, with fluctuations not exceeding 0.03. This suggests that LGI Homes Inc has maintained a consistent capital structure over the period, with a moderate reliance on debt to finance its operations and growth. A ratio around 0.42 indicates that the company is using a balanced mix of debt and equity to fund its activities, which may be considered reasonable and sustainable in the long term.


Peer comparison

Dec 31, 2023