MillerKnoll Inc (MLKN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 1,784,800 |
| 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 |
| Financial leverage ratio | 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 | 2.40 |
August 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,019,100K ÷ $1,332,500K
= 3.02
The financial leverage ratio of MillerKnoll Inc has shown some fluctuation over the past few years, ranging from 2.19 to 3.23. The ratio indicates that the company's level of debt relative to its equity has varied but has generally been within the range of 2 to 3 times.
The highest ratio of 3.23, observed on September 3, 2022, suggests that the company had a higher proportion of debt compared to equity at that point in time. Conversely, the lowest ratio of 2.19, recorded on August 31, 2019, indicates a lower level of debt relative to equity.
Overall, the trend in the financial leverage ratio does not show a clear pattern of increase or decrease over the period examined, with fluctuations occurring from one period to another. This variation could be influenced by factors such as changes in the company's capital structure, borrowing decisions, or overall financial performance.
Further analysis of the company's financial statements and business operations would be necessary to fully understand the implications of these fluctuations in the financial leverage ratio for MillerKnoll Inc.