MillerKnoll Inc (MLKN)
Debt-to-assets ratio
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Mar 4, 2023 | Feb 28, 2023 | Dec 3, 2022 | Nov 30, 2022 | Sep 3, 2022 | Aug 31, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 1,365,100 | — | 1,415,100 | — | 1,434,800 | — | 1,484,400 | — | — |
| Total assets | US$ in thousands | 3,950,200 | 3,895,400 | 4,036,200 | 4,019,100 | 4,043,600 | 4,095,100 | 4,095,100 | 4,155,500 | 4,155,500 | 4,183,200 | 4,183,200 | 4,274,800 | 4,274,800 | 4,382,800 | 4,382,800 | 4,448,100 | 4,448,100 | 4,447,400 | 4,447,400 | 4,514,000 |
| 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 | 0.32 | 0.00 | 0.32 | 0.00 | 0.32 | 0.00 | 0.33 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,950,200K
= 0.00
The debt-to-assets ratio for MillerKnoll Inc exhibits a pattern of minimal or nonexistent leverage over the observed period. Initially, from May 31, 2022, through November 30, 2022, the ratio remains at zero, indicating that the company had effectively no debt relative to its total assets during these dates.
In late 2022, specifically on September 3, 2022, and December 3, 2022, the ratio increased to approximately 0.33 and 0.32 respectively, suggesting a brief period where the company employed some leverage, with debt constituting roughly one-third of its total assets. These fluctuations may reflect strategic financing activities or short-term borrowing.
Following this short-lived increase, the ratio promptly reverted to zero in early 2023 and subsequently throughout 2023 and into 2024, remaining consistently at zero. This indicates that MillerKnoll Inc has maintained an entirely debt-free capital structure in the recent periods analyzed, with no recorded leverage or leverage approaching significant levels.
Overall, the data suggests that MillerKnoll Inc has sustained a conservative approach toward debt management, with only transient, minor increases in leverage that were quickly offset or repaid. Their financial structure appears to be primarily equity-financed, with negligible debt contributing to their asset base across the observed timeline.