Mohawk Industries Inc (MHK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 7,556,900 | 7,849,500 | 7,646,500 | 7,641,900 | 7,623,070 | 7,271,390 | 8,212,020 | 8,105,710 | 8,017,910 | 7,825,060 | 8,600,620 | 8,287,600 | 8,428,220 | 8,752,450 | 8,773,940 | 8,499,030 | 8,541,160 | 8,167,070 | 7,918,810 | 7,847,640 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,556,900K)
= 0.00
The debt-to-capital ratio for Mohawk Industries Inc has consistently been 0.00 for each reporting period from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its operations significantly, as the ratio measures the proportion of debt in relation to the total capital structure. A debt-to-capital ratio of 0.00 suggests that the company relies more on equity financing rather than debt, which may indicate a lower financial risk as there is no significant debt burden on the company's balance sheet. This stable and low debt-to-capital ratio may be viewed positively by investors and creditors, as it signals financial stability and a conservative debt management approach by Mohawk Industries Inc.
Peer comparison
Dec 31, 2024