Mohawk Industries Inc (MHK)
Debt-to-capital 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 | 64,200 | 7,623,070 | 8,017,910 | 8,428,220 | 8,541,160 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $64,200K)
= 0.00
The debt-to-capital ratio for Mohawk Industries Inc has been consistently at 0.00 from 2020 to 2024. This indicates that the company has not utilized debt significantly in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital is primarily funded by equity rather than debt. This could imply a lower financial risk as the company has a lower level of debt obligations relative to its total capital. However, it is important to note that a very low debt-to-capital ratio may also limit the company's ability to take advantage of potential growth opportunities that could be funded through debt financing.
Peer comparison
Dec 31, 2024