M/I Homes Inc (MHO)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,549,800K
= 0.00

Based on the provided data for M/I Homes Inc, the debt-to-equity ratio has consistently been 0.00 across all reported periods from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity during these periods.

This consistent ratio suggests that M/I Homes Inc has been primarily financing its operations and investments through equity rather than debt. A debt-to-equity ratio of zero can be interpreted as a strong indication of financial stability and a low-risk profile, as the company is not relying on borrowed funds to fuel its operations or expansion.

Investors and stakeholders may view a consistently low debt-to-equity ratio as a positive sign, indicating a conservative financial strategy and a lower potential for financial distress. However, it is also essential to consider that a zero debt-to-equity ratio may limit the company's ability to leverage debt for potential growth opportunities.

Overall, the data indicates that M/I Homes Inc has maintained a conservative capital structure with a strong equity position relative to its debt obligations throughout the periods under review.