Toll Brothers Inc (TOL)
Debt-to-capital ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,670,930 | 6,797,160 | 6,006,090 | 5,295,020 | 4,875,240 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,670,930K)
= 0.00
The debt-to-capital ratio of Toll Brothers Inc has consistently been recorded as 0.00 over the past five years, indicating that the company has not utilized any debt in its capital structure relative to its total capital. This suggests that Toll Brothers Inc has been funding its operations and investments primarily through equity or other non-debt sources. A debt-to-capital ratio of 0.00 can be perceived positively as it signifies a lower financial risk due to the absence of debt obligations. It also indicates that the company may have a strong financial position and sufficient internal resources to support its growth and operations without relying on external borrowings. Nevertheless, it is essential to consider the overall context, industry benchmarks, and future financial strategies when assessing the implications of a consistently low debt-to-capital ratio for Toll Brothers Inc.
Peer comparison
Oct 31, 2024