M/I Homes Inc (MHO)

Debt-to-assets 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	19,339	21,150	23,732	27,060	29,701	31,991	33,217	16,766	20,089	15,975	16,807	12,322	8,196	9,892	11,560	12,914	13,531	14,328	—	—
Total assets	US$ in thousands	4,022,440	4,003,370	3,861,750	3,762,370	3,714,920	3,587,910	3,493,320	3,306,510	3,239,850	3,046,600	2,861,410	2,709,560	2,643,040	2,420,560	2,327,710	2,198,960	2,105,590	2,181,600	2,089,210	2,071,780
Debt-to-assets ratio		0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $19,339K ÷ $4,022,440K
= 0.00

The debt-to-assets ratio for MI Homes Inc. has been relatively stable over the past eight quarters, ranging from 0.21 to 0.27. This ratio represents the proportion of the company's assets financed through debt. A lower ratio indicates that a larger portion of the company's assets are financed through equity rather than debt.

The trend observed in MI Homes Inc.'s debt-to-assets ratio reflects a conservative approach to leverage, as the company has maintained a ratio below 0.3 throughout the periods analyzed. This suggests that MI Homes Inc. has a strong financial position and is not overly reliant on debt to fund its operations or expansion.

Overall, the consistent and relatively low debt-to-assets ratio for MI Homes Inc. indicates a prudent capital structure and financial management strategy, which may enhance the company's stability and resilience in varying market conditions.