PulteGroup Inc (PHM)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	16,087,000	15,717,300	15,225,900	14,831,000	14,796,500	14,211,800	13,700,300	13,164,200	13,352,600	12,571,900	12,082,000	11,445,700	12,205,500	11,365,000	10,958,500	11,423,400	10,715,600	10,264,500	10,095,500	10,207,300
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

PulteGroup Inc's debt-to-assets ratio has remained relatively stable over the past eight quarters, ranging from 0.15 to 0.19. A lower debt-to-assets ratio indicates that the company relies less on debt financing and has a stronger asset base to cover its obligations.

The consistent ratios around 0.15 to 0.19 suggest that PulteGroup Inc maintains a prudent level of leverage, balancing its use of debt to finance operations while also ensuring a significant portion of its assets are financed by equity. This stability in the debt-to-assets ratio indicates that the company has maintained a relatively healthy financial position over the period analyzed.

Although a slight increase in the ratio was observed from Q1 2023 to Q4 2022, the overall trend shows that PulteGroup Inc has managed its debt levels effectively without exposing itself to excessive financial risk. Investors and creditors may view this stable debt-to-assets ratio as a positive indicator of the company's financial health and its ability to meet its debt obligations.