MillerKnoll Inc (MLKN)
Debt-to-assets ratio
| 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 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 1,365,100 | — | 1,415,100 | — | 1,434,800 | — | 1,484,400 | — | — | 1,379,200 |
| Total assets | US$ in thousands | 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 | 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 | 0.32 | 0.00 | 0.32 | 0.00 | 0.32 | 0.00 | 0.33 | 0.00 | 0.00 | 0.31 |
February 28, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,895,400K
= 0.00
The debt-to-assets ratio of MillerKnoll Inc has been consistently low over the past few years, showing a prudent approach to managing debt levels in relation to its total assets. The ratio fluctuated between 0.00 and 0.33 during the reporting period.
In the most recent period, as of February 28, 2025, the debt-to-assets ratio remains at 0.00, indicating that the company has no debt relative to its total assets. This suggests that the company has a strong financial position with minimal reliance on debt financing.
Overall, the trend of maintaining a low debt-to-assets ratio demonstrates MillerKnoll Inc's ability to fund its operations and investments primarily through equity and retained earnings, reducing its financial risk and enhancing stability.