PulteGroup Inc (PHM)

Debt-to-capital 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 stockholders’ equity US$ in thousands 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 5,458,180 5,181,590 5,069,810 4,933,440
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, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $10,383,300K)
= 0.00

PulteGroup Inc's debt-to-capital ratio has remained relatively stable over the past eight quarters, peaking at 0.25 in Q3 2022 and gradually declining to 0.19 by Q4 2023. This ratio indicates that the company is utilizing debt to finance a portion of its operations but is maintaining a strong capital base as well. The decreasing trend in the debt-to-capital ratio suggests that the company may be gradually reducing its reliance on debt financing and improving its capital structure. Overall, the consistent and decreasing trend in the debt-to-capital ratio indicates a prudent approach to managing the company's financial leverage.


Peer comparison

Dec 31, 2023