Mohawk Industries Inc (MHK)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 12,778,600 | 13,559,900 | 14,120,400 | 14,224,500 | 14,327,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $12,778,600K
= 0.00
The debt-to-assets ratio for Mohawk Industries Inc indicates that the company has maintained a consistently low level of debt in relation to its total assets over the years. A ratio of 0.00 means that the company has not used debt to finance its operations significantly, which can be seen as a positive sign of financial stability and strong financial position. This suggests that Mohawk Industries Inc has relied more on equity financing or retained earnings to fund its operations and investments, rather than taking on substantial debt. Additionally, a low debt-to-assets ratio can also indicate lower financial risk and greater ability to weather economic downturns or industry challenges. Overall, the consistent low debt-to-assets ratio reflects a cautious and conservative approach to financial management by Mohawk Industries Inc.
Peer comparison
Dec 31, 2024