LGI Homes (LGIH)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,037,230 | 1,856,030 | 1,642,410 | 1,395,850 | 1,139,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,037,230K
= 0.00
Based on the data provided, LGI Homes has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, all the way to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity. This implies that LGI Homes has been predominantly funded by equity rather than debt during the specified period. A low or zero debt-to-equity ratio is generally viewed positively by investors as it suggests lower financial risk and greater financial stability. In the case of LGI Homes, the stable and low debt-to-equity ratio over the years reflects a conservative financial structure and indicates a strong financial position.
Peer comparison
Dec 31, 2024