MillerKnoll Inc (MLKN)
Debt-to-equity ratio
| Nov 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,402,800 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,310,800 | 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 |
| Debt-to-equity ratio | 1.07 | 1.04 | 0.00 | 0.00 | 0.00 | 0.95 | 0.99 | 1.00 | 1.08 | 0.97 | 0.94 | 0.93 | 0.87 | 0.32 | 0.30 | 0.32 | 0.34 | 0.83 | 0.30 | 0.33 |
November 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,402,800K ÷ $1,310,800K
= 1.07
The debt-to-equity ratio of MillerKnoll Inc has displayed some fluctuations over the past few years. As of Nov 30, 2024, the ratio stands at 1.07, indicating that the company has slightly more debt than equity. This suggests that MillerKnoll Inc relies more on external borrowing to finance its operations and growth.
Looking back at the historical trend, the ratio was relatively stable around 0.00 in the earlier periods, showing that the company had minimal or no debt compared to equity. However, there has been a gradual increase in the ratio since then, with occasional fluctuations.
In the recent years, the ratio has generally been above 1.00, indicating that the company's debt levels have surpassed its equity levels. It is important to monitor this trend closely as a high debt-to-equity ratio can signify higher financial risk and potential challenges in meeting debt obligations.
Overall, a debt-to-equity ratio of 1.07 as of Nov 30, 2024 suggests that MillerKnoll Inc has a moderate level of leverage, and investors and stakeholders should assess the company's ability to manage its debt effectively in the long term.