PulteGroup Inc (PHM)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 16,087,000 | 14,796,500 | 13,352,600 | 12,205,500 | 10,715,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,087,000K
= 0.00
The debt-to-assets ratio of PulteGroup Inc has been showing a decreasing trend over the past five years, indicating improved financial health and stability in managing its debt levels relative to its total assets. As of December 31, 2023, the ratio stood at 0.15, which means that for every dollar of assets, the company has $0.15 in debt. This suggests a conservative approach towards financing its operations, with a lower reliance on debt to fund its assets.
The decreasing trend in the debt-to-assets ratio from 0.29 in 2019 to 0.15 in 2023 suggests that PulteGroup Inc has been reducing its debt relative to its total assets over the years. This could be attributed to various factors such as prudent financial management, improved operational efficiency, or strategic deleveraging efforts.
Overall, the declining debt-to-assets ratio reflects positively on the company's financial leverage and risk management, indicating a stronger financial position and potentially enhancing investor confidence in PulteGroup Inc's ability to meet its financial obligations.
Peer comparison
Dec 31, 2023