M/I Homes Inc (MHO)

Debt-to-equity 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-equity ratio 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 ÷ $2,939,680K
= 0.00

The debt-to-equity ratio for M/I Homes Inc has remained consistently at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company's total debt is either negligible or non-existent in relation to its equity. A low or zero debt-to-equity ratio is generally viewed positively by investors and creditors as it suggests a lower financial risk and potential for higher returns on equity. M/I Homes Inc's stable debt-to-equity ratio over the period reflects a prudent financing strategy and a strong financial position.