Interface Inc (TILE)
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 | 408,641 | 510,003 | 503,056 | 561,251 | 565,178 |
| Total stockholders’ equity | US$ in thousands | 425,947 | 361,537 | 363,398 | 326,538 | 368,202 |
| Debt-to-equity ratio | 0.96 | 1.41 | 1.38 | 1.72 | 1.53 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $408,641K ÷ $425,947K
= 0.96
The debt-to-equity ratio for Interface Inc. has been fluctuating over the past five years, ranging from 0.98 to 1.77. A decreasing trend is observed from 2019 to 2023, indicating a lower reliance on debt financing relative to shareholder equity.
In 2023, the debt-to-equity ratio stands at 0.98, reflecting a ratio less than 1, which suggests that the company's debt levels are lower than its equity. This may indicate a stronger financial position, as a lower ratio implies less financial risk and potentially more stability.
However, it is important to note that the debt-to-equity ratio should be analyzed in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of Interface Inc.'s capital structure and financial health.
Peer comparison
Dec 31, 2023