LGI Homes (LGIH)

Debt-to-capital 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 stockholders’ equity US$ in thousands 2,037,230 1,996,960 1,923,840 1,869,200 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
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, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,037,230K)
= 0.00

LGI Homes has consistently maintained a debt-to-capital ratio of 0.00 over the analyzed period from March 31, 2020, to December 31, 2024. This indicates that the company has not employed any debt in its capital structure during this time frame and relies solely on equity financing. A debt-to-capital ratio of 0.00 suggests that the company is not utilizing debt to fund its operations or growth, which can be viewed positively as it implies lower financial risk and financial flexibility. LGI Homes' ability to operate without debt obligations may indicate a strong financial position and efficient management of capital resources.