MillerKnoll Inc (MLKN)
Debt-to-capital ratio
| Aug 31, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,381,600 | — | — | — | 1,365,100 | 1,415,100 | 1,434,800 | 1,484,400 | 1,379,200 | 1,384,900 | 1,340,700 | 1,298,400 | 274,900 | 274,900 | 274,900 | 274,900 | 539,900 | 275,000 | 275,000 | 275,000 |
| Total stockholders’ equity | US$ in thousands | 1,332,500 | 1,390,900 | 1,420,600 | 1,422,300 | 1,432,600 | 1,433,900 | 1,434,300 | 1,374,800 | 1,427,100 | 1,470,500 | 1,449,200 | 1,486,700 | 860,500 | 909,200 | 854,800 | 803,600 | 652,400 | 908,500 | 844,600 | 745,200 |
| Debt-to-capital ratio | 0.51 | 0.00 | 0.00 | 0.00 | 0.49 | 0.50 | 0.50 | 0.52 | 0.49 | 0.49 | 0.48 | 0.47 | 0.24 | 0.23 | 0.24 | 0.25 | 0.45 | 0.23 | 0.25 | 0.27 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,381,600K ÷ ($1,381,600K + $1,332,500K)
= 0.51
The debt-to-capital ratio of MillerKnoll Inc has fluctuated over the past few years, as indicated by the data provided. The ratio was relatively stable around 0.49 to 0.52 from Aug 31, 2024, to Sep 3, 2022. It declined to 0.24 by Nov 28, 2021, and further decreased to 0.23 by Feb 27, 2021. There was a slight increase to 0.25 by May 29, 2021, but then the ratio dropped again to 0.23 by Aug 28, 2021.
The ratio experienced a significant increase to 0.50 by Mar 4, 2023, and remained at similar levels until Aug 31, 2029. However, it spiked to 0.51 by Aug 31, 2024.
This fluctuation in the debt-to-capital ratio may indicate changes in the company's financial structure and its reliance on debt financing over time. Further analysis of the company's financial statements and business operations would provide additional insights into the reasons behind these variations in the debt-to-capital ratio.