MillerKnoll Inc (MLKN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,254,100 | 1,310,800 | 1,332,500 | 1,385,100 | 1,390,900 | 1,390,900 | 1,420,600 | 1,420,600 | 1,422,300 | 1,422,300 | 1,432,600 | 1,432,600 | 1,433,900 | 1,433,900 | 1,434,300 | 1,434,300 | 1,374,800 | 1,374,800 | 1,427,100 | 1,427,100 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.49 | 0.00 | 0.50 | 0.00 | 0.50 | 0.00 | 0.52 | 0.00 | 0.00 | 0.49 |
February 28, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,254,100K)
= 0.00
The debt-to-capital ratio of MillerKnoll Inc has shown fluctuation over the past few years. It was 0.49 on May 28, 2022, increased to 0.52 on September 3, 2022, dropped to 0.50 on December 3, 2022 and March 4, 2023, and returned to 0.49 on June 3, 2023. In the subsequent periods, the debt-to-capital ratio decreased to 0.00 on various dates, including May 31, 2023, August 31, 2023, September 2, 2023, and in the following years up to February 28, 2025.
A higher debt-to-capital ratio indicates a higher proportion of debt in the company's capital structure, which can increase financial risk and interest expenses. On the other hand, a lower or decreasing ratio may reflect a more conservative approach with less reliance on debt for funding operations and growth. It is important for investors and creditors to monitor changes in the debt-to-capital ratio to assess the company's financial stability and leverage position.