Mohawk Industries Inc (MHK)
Debt-to-assets 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 | 1,701,780 | 1,675,590 | 2,013,330 | 2,265,140 | 1,978,560 | 1,019,980 | 1,052,060 | 1,088,400 | 1,700,280 | 1,710,210 | 1,723,290 | 1,719,120 | 2,356,890 | 2,282,780 | 2,573,160 | 1,514,000 | 1,518,390 | 1,483,580 | 1,169,490 | 1,497,980 |
| Total assets | US$ in thousands | 13,559,900 | 13,138,500 | 14,585,200 | 14,763,500 | 14,120,400 | 13,801,000 | 14,689,500 | 14,386,700 | 14,224,500 | 14,450,300 | 14,792,800 | 14,290,100 | 14,327,800 | 13,784,200 | 13,369,400 | 13,256,900 | 13,386,700 | 13,392,800 | 13,806,100 | 13,605,100 |
| Debt-to-assets ratio | 0.13 | 0.13 | 0.14 | 0.15 | 0.14 | 0.07 | 0.07 | 0.08 | 0.12 | 0.12 | 0.12 | 0.12 | 0.16 | 0.17 | 0.19 | 0.11 | 0.11 | 0.11 | 0.08 | 0.11 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,701,780K ÷ $13,559,900K
= 0.13
The debt-to-assets ratio for Mohawk Industries, Inc. has been relatively stable over the past eight quarters, ranging from 0.17 to 0.23. This ratio indicates the proportion of the company's assets that are financed by debt.
The consistent range of 0.17 to 0.23 suggests that Mohawk Industries has been managing its debt levels effectively. A lower ratio indicates a lower level of debt relative to assets, which can signify a stronger financial position and lower financial risk. Conversely, a higher ratio suggests higher debt levels relative to assets, which may pose greater financial risk.
With the debt-to-assets ratio consistently around 0.20, it appears that Mohawk Industries has maintained a balanced approach to financing its assets with debt. However, any significant deviations from this range in the future should be closely monitored to assess the company's changing financial leverage and risk profile.
Peer comparison
Dec 31, 2023