Toll Brothers Inc (TOL)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,670,930K
= 0.00
The debt-to-equity ratio for Toll Brothers Inc has been consistently 0.00 over the past five years. A debt-to-equity ratio of 0.00 indicates that the company has no debt relative to its equity. This could suggest a conservative financial structure where the company is not heavily reliant on borrowing to finance its operations and growth. It may also imply a strong equity position, potentially indicating financial stability and a decreased risk of default. However, it is important to note that a debt-to-equity ratio of 0.00 may also raise questions about the company's ability to leverage debt effectively for potential growth opportunities. Overall, a constant 0.00 debt-to-equity ratio for five consecutive years suggests that Toll Brothers Inc has maintained a stable and low-leverage capital structure during this period.
Peer comparison
Oct 31, 2024