Toll Brothers Inc (TOL)
Debt-to-assets ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 13,367,900 | 12,527,000 | 12,288,700 | 11,537,800 | 11,065,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $13,367,900K
= 0.00
The debt-to-assets ratio for Toll Brothers Inc over the past five years has consistently been reported as 0.00. This implies that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 indicates that the company's total assets are entirely financed by equity rather than debt. This suggests that Toll Brothers has a strong financial position with a low level of financial risk associated with debt obligations. However, it is important to note that a very low debt-to-assets ratio may also indicate missed opportunities for leveraging debt to potentially increase returns for shareholders. Overall, Toll Brothers' consistent 0.00 debt-to-assets ratio underscores its conservative capital structure and financial stability.
Peer comparison
Oct 31, 2024