Mohawk Industries Inc (MHK)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 7,623,070 | 7,265,520 | 8,206,110 | 8,099,470 | 8,011,510 | 7,818,750 | 8,600,620 | 8,280,970 | 8,421,420 | 8,745,520 | 8,767,120 | 8,492,430 | 8,534,320 | 8,160,660 | 7,918,810 | 7,841,370 | 8,119,840 | 7,758,770 | 7,815,070 | 7,570,800 |
| Debt-to-equity ratio | 0.22 | 0.23 | 0.25 | 0.28 | 0.25 | 0.13 | 0.12 | 0.13 | 0.20 | 0.20 | 0.20 | 0.20 | 0.28 | 0.28 | 0.32 | 0.19 | 0.19 | 0.19 | 0.15 | 0.20 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,701,780K ÷ $7,623,070K
= 0.22
The debt-to-equity ratio of Mohawk Industries, Inc. has shown some fluctuation over the past eight quarters. As of Q4 2023, the company's debt-to-equity ratio stands at 0.35, indicating that for every dollar of equity, the company has $0.35 in debt.
Comparing this ratio to previous quarters, we can observe that the ratio has generally remained within a relatively stable range between 0.30 and 0.41. The slight increase from Q3 2023 to Q4 2023 may suggest a modest increase in the company's debt relative to its equity during that period.
Overall, the debt-to-equity ratio of Mohawk Industries, Inc. suggests that the company has maintained a conservative capital structure, with a relatively low level of debt compared to its equity. Investors and stakeholders may find this aspect favorable as it indicates a lower financial risk and potential for better financial stability.
Peer comparison
Dec 31, 2023