Interface Inc (TILE)
Debt-to-assets 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 | Jul 5, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 589,130 | — |
| Total assets | US$ in thousands | 1,170,820 | 1,243,260 | 1,216,120 | 1,193,490 | 1,230,100 | 1,201,640 | 1,219,950 | 1,253,200 | 1,266,500 | 1,240,630 | 1,313,450 | 1,309,780 | 1,330,060 | 1,289,240 | 1,322,210 | 1,295,330 | 1,306,010 | 1,305,780 | 1,300,970 | 1,300,970 |
| Debt-to-assets 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 | 0.45 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,170,820K
= 0.00
The debt-to-assets ratio of Interface Inc has been consistently low, remaining at 0.00 for the most recent periods. This indicates that the company has very little debt in relation to its total assets, reflecting a strong financial position with a relatively low risk of default. A low debt-to-assets ratio suggests that Interface Inc has a conservative approach to financing its operations, relying more on equity than debt to fund its activities. Overall, the stability and low debt level indicated by the consistent 0.00 ratio over multiple periods reflect positively on the company's financial health and risk management practices.
Peer comparison
Dec 31, 2024