PulteGroup Inc (PHM)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	12,122,000	11,564,200	11,222,800	10,762,000	10,383,300	10,012,500	9,705,020	9,263,810	8,914,100	8,164,000	7,745,220	7,413,260	7,489,520	7,141,750	6,958,470	6,685,270	6,569,990	6,240,020	5,851,670	5,530,390
Debt-to-capital 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, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $12,122,000K)
= 0.00

The debt-to-capital ratio of PulteGroup Inc has consistently been reported as 0.00 over the past several quarters, up to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations relative to its total capital, which includes both debt and equity. A debt-to-capital ratio of 0.00 suggests that PulteGroup Inc has predominantly relied on equity financing to support its business activities rather than taking on debt obligations. While having no debt can be perceived positively due to lower financial risk and interest expenses, it may also signal a missed opportunity to leverage debt for potential growth or capital efficiency. As such, further analysis of the company's financing and capital structure strategies would be necessary to fully evaluate the implications of its consistently low debt-to-capital ratio.