Mohawk Industries Inc (MHK)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,556,900K
= 0.00
The debt-to-equity ratio for Mohawk Industries Inc has remained consistently at 0.00 from March 2020 to December 2024. This indicates that the company has either no debt or a very minimal amount of debt in relation to its equity. A low debt-to-equity ratio is generally considered favorable as it suggests lower financial risk and indicates that the company is relying more on equity financing rather than debt financing to fund its operations and growth. Mohawk Industries Inc's stable and low debt-to-equity ratio suggests a conservative financial risk profile and strong financial position.
Peer comparison
Dec 31, 2024