PulteGroup Inc (PHM)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 10,383,300 | 8,914,100 | 7,489,520 | 6,569,990 | 5,458,180 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $10,383,300K
= 0.00
The debt-to-equity ratio of PulteGroup Inc has demonstrated a declining trend over the past five years, indicating a decreasing reliance on debt financing in relation to equity. In 2023, the ratio stood at 0.24, showing a significant improvement from 0.30 in 2022, 0.35 in 2021, 0.48 in 2020, and 0.58 in 2019. This decreasing trend suggests that the company is becoming less leveraged and potentially less risky for investors. It may also indicate that the company is managing its debt levels more effectively or has been able to strengthen its equity position. Overall, the decreasing debt-to-equity ratio reflects a more balanced capital structure for PulteGroup Inc.
Peer comparison
Dec 31, 2023