Toll Brothers Inc (TOL)
Debt-to-equity ratio
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,019,270 | 6,797,160 | 6,693,390 | 6,420,220 | 6,201,350 | 6,006,090 | 5,523,270 | 5,363,890 | 5,255,870 | 5,295,020 | 5,034,910 | 4,913,070 | 4,786,840 | 4,875,240 | 4,675,070 | 4,564,520 | 4,655,550 | 5,071,820 | 4,939,080 | 4,941,150 |
| Debt-to-equity 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 |
January 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,019,270K
= 0.00
The debt-to-equity ratio of Toll Brothers Inc. has shown a declining trend over the past several quarters. The ratio decreased from 0.62 in Q2 2022 to 0.39 in Q1 2024. This suggests that the company has been reducing its reliance on debt in comparison to equity, which can be viewed positively by investors and creditors as it indicates a stronger financial position and lower financial risk.
This improvement may have been driven by various factors such as prudent financial management, debt repayments, or organic growth generating higher shareholder equity. Overall, the decreasing trend in the debt-to-equity ratio for Toll Brothers Inc. indicates a positive financial trajectory and a potentially healthier balance sheet.
Peer comparison
Jan 31, 2024