Mohawk Industries Inc (MHK)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 12,778,600 | 13,313,200 | 13,279,600 | 13,531,500 | 13,559,900 | 13,138,500 | 14,585,200 | 14,763,500 | 14,120,400 | 13,801,000 | 14,689,500 | 14,386,700 | 14,224,500 | 14,450,300 | 14,792,800 | 14,290,100 | 14,327,800 | 13,784,200 | 13,369,400 | 13,256,900 |
| 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 |
| Financial leverage ratio | 1.69 | 1.70 | 1.74 | 1.77 | 1.78 | 1.81 | 1.78 | 1.82 | 1.76 | 1.76 | 1.71 | 1.74 | 1.69 | 1.65 | 1.69 | 1.68 | 1.68 | 1.69 | 1.69 | 1.69 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,778,600K ÷ $7,556,900K
= 1.69
The financial leverage ratio of Mohawk Industries Inc has been relatively stable over the past few years, ranging between 1.65 and 1.82. This ratio indicates that the company's level of debt in its capital structure has been relatively consistent. A financial leverage ratio of 1.69 means that for every $1 of equity, the company has $1.69 in debt.
The slight fluctuations in the financial leverage ratio over the years suggest that Mohawk Industries Inc has been managing its debt levels effectively. A higher financial leverage ratio may indicate higher financial risk due to increased debt, while a lower ratio may signal a more conservative capital structure. In the case of Mohawk Industries Inc, the ratio has stayed within a reasonable range, which could indicate a balanced approach to financing its operations. Monitoring this ratio going forward will be important to assess the company's ability to meet its debt obligations and optimize its capital structure for sustainable growth.
Peer comparison
Dec 31, 2024