MillerKnoll Inc (MLKN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,335,100 | 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 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.95 | 0.00 | 0.99 | 0.00 | 1.00 | 0.00 | 1.08 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,335,100K
= 0.00
The analysis of MillerKnoll Inc’s debt-to-equity ratio over the period from May 2022 to May 2025 indicates a predominantly low or zero level of leverage. During multiple reporting periods, including May 31, 2022, August 31, 2022, November 30, 2022, February 28, 2023, August 31, 2023, and several subsequent dates, the debt-to-equity ratio remained at 0.00. This suggests that the company has consistently maintained little to no debt relative to its equity during these periods.
Exceptions occur around September 3, 2022, December 3, 2022, March 4, 2023, and June 3, 2023, where the ratio briefly increased to approximately 1.00 or slightly below (0.95 to 1.08). These instances may indicate short-term or specific financing activities, such as taking on some debt possibly linked to strategic initiatives, seasonal factors, or one-time financing events. However, these periods are transient, and subsequent data points revert to a debt-to-equity ratio of zero.
Overall, the data reflects a consistent pattern of minimal or no debt utilization by MillerKnoll Inc, emphasizing a conservative capital structure heavily reliant on equity financing rather than debt. The return to a ratio of zero in most periods suggests either a strategic avoidance of debt or a focus on maintaining a debt-free balance sheet, which could influence the company's financial risk profile, interest expenses, and flexibility in capital management.