MillerKnoll Inc (MLKN)
Debt-to-equity 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-equity ratio | 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 | 0.37 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,381,600K ÷ $1,332,500K
= 1.04
The debt-to-equity ratio of MillerKnoll Inc has fluctuated over the past few quarters. In August 2024, the ratio stood at 1.04, indicating that the company had more debt than equity. This was a significant increase compared to the previous quarter where the ratio was 0.00.
Looking further back, we observe that the company had a consistently low debt-to-equity ratio in the preceding quarters of March to June 2023, hovering around 0.95 to 0.99. However, there was a slight increase in the ratio to 1.08 in September 2022.
The ratios in 2021 showed a mix of values, with ratios ranging from 0.87 to 1.04, suggesting varying levels of debt and equity during that period.
It is essential to monitor the trend of the debt-to-equity ratio over time to assess MillerKnoll Inc's financial leverage and its ability to meet its financial obligations. A high debt-to-equity ratio may indicate higher financial risk, while a low ratio may suggest a more conservative capital structure.