MillerKnoll Inc (MLKN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,036,200 | 4,019,100 | 4,095,100 | 4,155,500 | 4,183,200 | 4,274,800 | 4,382,800 | 4,448,100 | 4,447,400 | 4,514,000 | 4,517,700 | 4,465,900 | 4,460,500 | 2,076,800 | 2,054,900 | 2,028,500 | 1,917,100 | 2,053,900 | 1,985,800 | 1,878,000 |
| 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 |
| Financial leverage ratio | 3.08 | 3.02 | 2.94 | 2.93 | 2.94 | 2.98 | 3.06 | 3.10 | 3.23 | 3.16 | 3.07 | 3.08 | 3.00 | 2.41 | 2.26 | 2.37 | 2.39 | 3.15 | 2.19 | 2.22 |
November 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,036,200K ÷ $1,310,800K
= 3.08
MillerKnoll Inc's financial leverage ratio has been fluctuating over the past few years. The ratio stood at 3.08 as of Nov 30, 2024, showing a slight increase from the previous quarter's ratio of 3.02 on Aug 31, 2024. The trend seems to indicate a general upward movement in the financial leverage ratio from 2022 onwards, where it was around 3.10 in Dec 3, 2022.
However, there were occasional dips in the ratio, such as in May 29, 2021, when the ratio dropped significantly to 2.41, possibly indicating a decrease in debt relative to equity at that point in time. Overall, the financial leverage ratio for MillerKnoll Inc has shown some variability but has generally been around the 3.00-3.20 range in recent years.