PulteGroup Inc (PHM)

Financial leverage 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
Total assets	US$ in thousands	17,363,800	16,955,100	16,544,100	16,496,200	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
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
Financial leverage ratio		1.43	1.47	1.47	1.53	1.55	1.57	1.57	1.60	1.66	1.74	1.77	1.78	1.78	1.76	1.74	1.71	1.86	1.82	1.87	2.07

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $17,363,800K ÷ $12,122,000K
= 1.43

The financial leverage ratio of PulteGroup Inc has shown a decreasing trend over the years, indicating a decreasing dependence on debt in its capital structure. The ratio decreased from 2.07 as of March 31, 2020, to 1.43 as of December 31, 2024.

This trend suggests that the company is becoming less leveraged and may be relying more on equity financing rather than debt financing. A lower financial leverage ratio generally reflects lower financial risk, as the company has less debt to repay in comparison to its equity.

Overall, the decreasing trend in PulteGroup Inc's financial leverage ratio signifies a more conservative approach to capital structure management and may indicate a stronger financial position. However, it is important to analyze this in conjunction with other financial metrics to get a comprehensive understanding of the company's financial health.