MillerKnoll Inc (MLKN)
Financial leverage ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Mar 4, 2023 | Feb 28, 2023 | Dec 3, 2022 | Nov 30, 2022 | Sep 3, 2022 | Aug 31, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,895,400 | 4,036,200 | 4,019,100 | 4,043,600 | 4,095,100 | 4,095,100 | 4,155,500 | 4,155,500 | 4,183,200 | 4,183,200 | 4,274,800 | 4,274,800 | 4,382,800 | 4,382,800 | 4,448,100 | 4,448,100 | 4,447,400 | 4,447,400 | 4,514,000 | 4,514,000 |
| Total stockholders’ equity | US$ in thousands | 1,254,100 | 1,310,800 | 1,332,500 | 1,385,100 | 1,390,900 | 1,390,900 | 1,420,600 | 1,420,600 | 1,422,300 | 1,422,300 | 1,432,600 | 1,432,600 | 1,433,900 | 1,433,900 | 1,434,300 | 1,434,300 | 1,374,800 | 1,374,800 | 1,427,100 | 1,427,100 |
| Financial leverage ratio | 3.11 | 3.08 | 3.02 | 2.92 | 2.94 | 2.94 | 2.93 | 2.93 | 2.94 | 2.94 | 2.98 | 2.98 | 3.06 | 3.06 | 3.10 | 3.10 | 3.23 | 3.23 | 3.16 | 3.16 |
February 28, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,895,400K ÷ $1,254,100K
= 3.11
MillerKnoll Inc's financial leverage ratio has shown a slight decrease from 3.16 in May 2022 to 2.92 in May 2024 before increasing to 3.11 in February 2025. This ratio indicates the company's level of debt relative to its equity. A decreasing trend in the financial leverage ratio suggests that the company is relying less on debt financing and increasing its equity base, which can be viewed positively as it may reduce financial risk. However, the slight increase in the ratio in February 2025 may indicate a potential shift towards higher debt levels relative to equity, which could increase financial risk. It is important for stakeholders to monitor this ratio over time to assess the company's capital structure and debt management strategy.