Mohawk Industries Inc (MHK)
Debt-to-assets 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 assets | US$ in thousands | 12,778,600 | 13,313,200 | 13,279,600 | 13,531,500 | 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 |
| Debt-to-assets 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-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $12,778,600K
= 0.00
The debt-to-assets ratio for Mohawk Industries Inc has consistently been reported as 0.00 for the periods ranging from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt relative to its total assets during this time frame. A debt-to-assets ratio of 0.00 typically suggests that the company is financing its operations and investments primarily through equity rather than debt. It signifies a strong financial position with lower financial risk as there is no debt burden on the business's assets. Investors and creditors often view a low or zero debt-to-assets ratio favorably as it implies a lower probability of default and may indicate financial stability and strong financial management.
Peer comparison
Dec 31, 2024