PulteGroup Inc (PHM)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $10,383,300K
= 0.00
The debt-to-equity ratio of PulteGroup Inc has been relatively stable over the past eight quarters, ranging between 0.24 and 0.33. A lower debt-to-equity ratio indicates a lower level of financial leverage and suggests that the company is relying more on equity financing rather than debt to fund its operations and growth. The decreasing trend from 0.30 in Q4 2022 to 0.24 in Q4 2023 shows a positive movement towards a stronger financial position with less reliance on debt. Overall, the consistent levels of the debt-to-equity ratio demonstrate a balanced capital structure and financial stability for PulteGroup Inc.
Peer comparison
Dec 31, 2023