Mohawk Industries Inc (MHK)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $64,200K
= 0.00
The debt-to-equity ratio for Mohawk Industries Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been using primarily equity financing rather than debt to fund its operations and growth. A lower debt-to-equity ratio is generally considered favorable as it suggests lower financial risk and more stable financial health. Mohawk Industries Inc's consistent 0.00 debt-to-equity ratio reflects a strong financial position and potentially less dependence on borrowed funds for its operations.
Peer comparison
Dec 31, 2024