M/I Homes Inc (MHO)
Debt-to-capital 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 | 4,549,800 | 2,845,360 | 2,741,120 | 2,638,780 | 2,516,940 | 2,425,710 | 2,298,460 | 2,183,220 | 2,070,720 | 1,937,770 | 1,818,270 | 1,703,690 | 1,624,180 | 1,544,470 | 1,466,540 | 1,353,420 | 1,258,700 | 1,174,740 | 1,094,400 | 1,037,680 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,549,800K)
= 0.00
The debt-to-capital ratio of M/I Homes Inc has consistently been 0.00 from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure during this period. This may imply that the company relies more on equity financing rather than debt financing for its operations and growth strategies. A low or zero debt-to-capital ratio can be seen as a positive indicator of financial health and good risk management, as it suggests lower financial risk and often greater flexibility in managing future cash flows.
Peer comparison
Dec 31, 2024