M/I Homes Inc (MHO)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.00 | 1.57 | 1.58 | 1.60 | 1.61 | 1.65 | 1.68 | 1.72 | 1.79 | 1.85 | 1.92 | 1.94 | 1.99 | 1.97 | 1.95 | 2.00 | 2.10 | 2.06 | 2.13 | 2.12 |
M/I Homes Inc's solvency ratios indicate a consistently strong financial position in terms of debt management. The Debt-to-assets ratio has remained at 0.00 across all reporting periods, reflecting that the company's total debt is effectively covered by its total assets. This suggests a low financial risk and a healthy balance sheet structure.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also maintained a steady 0.00 level throughout the reported periods. These ratios further reinforce the company's ability to finance its operations without relying significantly on external debt, which can positively impact its creditworthiness and overall financial stability.
The Financial leverage ratio has shown a declining trend from 2.12 in March 2020 to 1.00 in December 2024. This reduction indicates that the company has been decreasing its reliance on debt financing over time, which is a positive sign of improved solvency and decreased financial risk.
Overall, M/I Homes Inc's solvency ratios demonstrate prudent financial management and a strong capacity to meet its financial obligations, indicating a solid foundation for sustainable growth and profitability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 19.83 | 22.71 | 22.80 | 23.77 | 28.23 | 51.12 | 88.21 | 217.27 | 282.44 | 229.47 | 279.37 | 293.40 | 223.64 | 166.04 | 111.54 | 63.29 | 33.54 | 20.77 | 14.01 | 10.59 |
Based on the provided data, the interest coverage ratio of M/I Homes Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio measures the company's ability to meet its interest obligations from its operating income.
Initially, the interest coverage ratio of M/I Homes Inc was 10.59 on March 31, 2020, indicating that the company could cover its interest expenses approximately 10.59 times over using its operating income. Over the following quarters, the interest coverage ratio displayed an upward trajectory, reaching its peak at 293.40 on March 31, 2022. This significant increase highlights the company's improved ability to cover its interest payments.
However, after the peak in March 2022, the interest coverage ratio started to decline. As of December 31, 2024, the ratio stands at 19.83, indicating a decrease in the company's ability to cover its interest obligations. This downward trend may raise concerns about the company's financial risk and its ability to meet its interest payments from operating income.
Overall, the fluctuating nature of M/I Homes Inc's interest coverage ratio suggests a varying financial performance in terms of managing its interest expenses. It is crucial for investors and stakeholders to monitor these trends closely to assess the company's financial health and risk profile accurately.