LGI Homes (LGIH)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,856,030K
= 0.00
The debt-to-equity ratio of LGI Homes Inc has shown some fluctuations over the past eight quarters. In Q4 2023 and Q3 2023, the ratio remained consistent at 0.73, indicating that the company had $0.73 in debt for every $1 of equity. The ratio decreased slightly to 0.69 in Q2 2023 before increasing to 0.72 in Q1 2023.
Looking back further, in Q4 2022 and Q3 2022, the ratio was at 0.77 and 0.79 respectively, showing a higher level of debt compared to equity. The ratio decreased to 0.76 in Q2 2022 before dropping to 0.71 in Q1 2022, indicating a lower level of debt relative to equity.
Overall, while the debt-to-equity ratio has fluctuated over the quarters, it seems that LGI Homes Inc has been managing its debt and equity levels within a reasonable range. The company's ability to maintain a relatively stable ratio suggests a balanced capital structure and prudent financial management.
Peer comparison
Dec 31, 2023