Toll Brothers Inc (TOL)

Debt-to-assets ratio

		Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	13,367,900	13,359,700	13,250,400	12,522,000	12,527,000	12,353,700	11,989,500	11,984,900	12,288,700	11,743,300	11,544,600	11,283,900	11,537,800	11,264,100	10,975,000	10,864,000	11,065,700	10,537,400	10,810,800	10,587,200
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	0.00	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 has consistently been reported as 0.00 across multiple reporting periods. This indicates that the company has not had any debt on its balance sheet relative to its total assets during these periods. A debt-to-assets ratio of 0.00 signifies that the company has not relied on debt financing to fund its operations or investments, which may imply that Toll Brothers Inc has been utilizing its own funds or other sources of capital to support its activities. It suggests a strong financial position with low financial risk due to the absence of debt obligations. However, it is important to note that while a low debt-to-assets ratio can be favorable, it may also suggest limited leverage which could potentially impact the company's growth and profitability in the long term.