M/I Homes Inc (MHO)
Debt-to-capital 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 | 2,939,680 | 2,516,940 | 2,070,720 | 1,624,180 | 1,258,700 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,939,680K)
= 0.00
The debt-to-capital ratio of M/I Homes Inc has remained at 0.00 consistently from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly to finance its operations and investments relative to its total capital. A low debt-to-capital ratio is generally viewed positively as it suggests lower financial risk and greater financial stability for the company. M/I Homes Inc's consistent low debt-to-capital ratio may imply a conservative approach to capital structure and prudent financial management. However, it is important to consider other financial metrics and performance indicators in conjunction with the debt-to-capital ratio to get a comprehensive understanding of the company's financial health and strategy.
Peer comparison
Dec 31, 2024