MillerKnoll Inc (MLKN)
Financial leverage ratio
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | — | 4,043,600 | 4,274,800 | 4,274,800 | 4,509,200 |
| Total stockholders’ equity | US$ in thousands | — | 1,385,100 | 1,432,600 | 1,432,600 | 1,427,100 |
| Financial leverage ratio | — | 2.92 | 2.98 | 2.98 | 3.16 |
May 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $—K ÷ $—K
= —
The financial leverage ratio of MillerKnoll Inc. exhibited a declining trend over the analyzed period. As of May 31, 2022, the ratio stood at 3.16, indicating that the company employed debt to finance its assets at a relatively higher level. By May 31, 2023, the ratio decreased to 2.98, suggesting a reduction in financial leverage, likely reflecting efforts to lower debt levels or improve equity capital. The ratio remained stable at 2.98 through June 3, 2023, then further declined to 2.92 by May 31, 2024, indicating continued deleveraging. No data is available beyond May 31, 2024, for the subsequent period, May 31, 2025. Overall, the trend demonstrates a gradual decrease in financial leverage, which may suggest the company's strategy to reduce reliance on debt financing, potentially aiming to strengthen its balance sheet and improve financial stability.