MillerKnoll Inc (MLKN)
Debt-to-capital ratio
| May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 1,365,100 | — | — | 1,379,200 |
| Total stockholders’ equity | US$ in thousands | 1,385,100 | 1,432,600 | 1,432,600 | 1,427,100 | 1,427,100 |
| Debt-to-capital ratio | 0.00 | 0.49 | 0.00 | 0.00 | 0.49 |
May 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,385,100K)
= 0.00
The debt-to-capital ratio for MillerKnoll Inc has fluctuated over the past few years. As of May 28, 2022, the ratio stood at 0.49, indicating that approximately 49% of the company's capital structure was funded by debt. Subsequently, the ratio dropped to 0.00 by May 31, 2022, and remained at this level until May 31, 2023. This suggests that the company had no debt in relation to its capital during these periods.
However, by June 3, 2023, the debt-to-capital ratio increased back to 0.49, aligning with the initial ratio observed in May 28, 2022. Subsequently, the ratio once again decreased to 0.00 by May 31, 2024, indicating a shift towards a debt-free capital structure.
Overall, the company's debt-to-capital ratio seems to have fluctuated between 0.00 and 0.49 over the analyzed period. This variability suggests potential changes in the company's financing strategy and capital structure, which could impact its financial risk and flexibility. Further analysis would be needed to understand the reasons behind these fluctuations and their implications for MillerKnoll Inc's financial health and performance.