PulteGroup Inc (PHM)

Financial leverage 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
Total assets	US$ in thousands	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	10,715,600	10,264,500	10,095,500	10,207,300
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
Financial leverage ratio		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	1.96	1.98	1.99	2.07

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,087,000K ÷ $10,383,300K
= 1.55

The financial leverage ratio for PulteGroup Inc has exhibited a fluctuating trend over the past eight quarters. The ratio has decreased gradually from 1.78 in Q1 2022 to 1.55 in Q4 2023. This indicates that the company has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio signifies a lower level of debt relative to equity, which can result in lower financial risk and greater financial stability. PulteGroup Inc's decreasing financial leverage ratio suggests a prudent approach to managing its capital structure and financial obligations. However, it is important to continue monitoring this ratio to ensure sustainable financial health and growth.