Interface Inc (TILE)
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 | Jul 5, 2020 | Apr 5, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 408,641 | 435,899 | 465,348 | 490,901 | 510,003 | 507,094 | 530,716 | 506,803 | 503,056 | 509,912 | 541,395 | 547,395 | 561,251 | 548,827 | 589,130 | 596,423 | 565,178 | 594,581 | 641,106 | 610,895 |
| Total stockholders’ equity | US$ in thousands | 425,947 | 387,564 | 384,908 | 367,029 | 361,537 | 321,423 | 347,377 | 366,880 | 363,398 | 336,777 | 335,586 | 314,815 | 326,538 | 287,020 | 258,196 | 238,655 | 368,202 | 357,378 | 352,113 | 349,659 |
| Debt-to-equity ratio | 0.96 | 1.12 | 1.21 | 1.34 | 1.41 | 1.58 | 1.53 | 1.38 | 1.38 | 1.51 | 1.61 | 1.74 | 1.72 | 1.91 | 2.28 | 2.50 | 1.53 | 1.66 | 1.82 | 1.75 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $408,641K ÷ $425,947K
= 0.96
Interface Inc.'s debt-to-equity ratio has fluctuated over the past eight quarters, ranging from 0.98 to 1.62. A debt-to-equity ratio of less than 1 typically indicates that the company has more equity than debt, which suggests a lower financial risk. However, Interface Inc.'s ratio has exceeded 1 in all reported quarters, indicating that the company relies more on debt financing than equity.
The trend of increasing debt-to-equity ratios from Q1 2022 to Q4 2023 suggests that Interface Inc. has been taking on more debt relative to equity over time. This may be a concern as higher debt levels can increase financial risk and interest expenses for the company. It would be important to monitor how Interface Inc. manages its debt levels and whether it can generate sufficient profits to cover its debt obligations in the future.
Peer comparison
Dec 31, 2023