LL Flooring Holdings (LL Flooring Holdings) Debt-to-Equity : 1.36 (As of Dec. 2023)

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What is LL Flooring Holdings Debt-to-Equity?

LL Flooring Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31.8 Mil. LL Flooring Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $182.7 Mil. LL Flooring Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $157.3 Mil. LL Flooring Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.36.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for LL Flooring Holdings's Debt-to-Equity or its related term are showing as below:

LL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.48 Max: 1.36
Current: 1.36

During the past 13 years, the highest Debt-to-Equity Ratio of LL Flooring Holdings was 1.36. The lowest was 0.09. And the median was 0.48.

LL's Debt-to-Equity is ranked worse than
77.39% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs LL: 1.36

LL Flooring Holdings Debt-to-Equity Historical Data

The historical data trend for LL Flooring Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LL Flooring Holdings Debt-to-Equity Chart

LL Flooring Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.33

0.99

0.48

0.80

1.36

LL Flooring Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.80	0.73	0.83	1.32	1.36

Competitive Comparison of LL Flooring Holdings's Debt-to-Equity

For the Home Improvement Retail subindustry, LL Flooring Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

LL Flooring Holdings's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, LL Flooring Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where LL Flooring Holdings's Debt-to-Equity falls into.

LL Flooring Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LL Flooring Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(31.815	+	182.651)	/	157.31
	=	1.36

LL Flooring Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(31.815	+	182.651)	/	157.31
	=	1.36

LL Flooring Holdings (NYSE:LL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

LL Flooring Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of LL Flooring Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

LL Flooring Holdings (LL Flooring Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » LL Flooring Holdings Inc (NYSE:LL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4901 Bakers Mill Lane, Richmond, VA, USA, 23230

Website

https://www.llflooring.com

LL Flooring Holdings Inc is a specialty retailer of hardwood flooring in North America. The firm primarily operates across the U.S. and Ontario, Canada, through its retail store operations segment. Its products include foreign and domestic hardwood species, engineered hardwood, laminate, resilient-vinyl, bamboo, and cork flooring. The company derives most of its revenue from laminate, vinyl, engineered vinyl plank, and porcelain tile, followed by Solid and Engineered Hardwood. The firm also offers a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools. It primarily targets do-it-yourself (DIY), do-it-for-me (DIFM), and commercial customers. Bellawood is a core brand of the company.

Executives

Robert L Madore	officer: EVP and CFO	C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
F Terrence Blanchard	officer: Interim CFO	C/O LAWSON PRODUCTS, INC., 1666 EAST TOUHY AVENUE, DES PLAINES IL 60018
Kristian B Lesher	officer: SVP and CTO	4901 BAKERS MILL LANE, RICHMOND VA 23230
Chasity D Grosh	other: Chief Accounting Officer	4901 BAKERS MILL LANE, RICHMOND VA 23230
Michael E Dauberman	officer: EVP, CGO	4901 BAKERS MILL LANE, RICHMOND VA 23230
Clark Douglas S Jr	officer: SVP Merch & Supply Chain	4901 BAKERS MILL LANE, RICHMOND VA 23230
Douglas T Moore	director	9950 MAYLAND DR, RICHMOND VA 23233
Joseph M Nowicki	director	C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Charles E Tyson	director, officer: President & CEO	LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Ashish Parmar	director	4901 BAKERS MILL LANE, RICHMOND VA 23230
Nancy M Taylor	director	TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Famous P Rhodes	director	4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431
Jimmie L Wade	director	C/O ADVANCE AUTO PARTS, 5673 AIRPORT RD, ROANOKE VA 24012
Matt T Argano	officer: Chief Human Resources Officer	LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Terri F Graham	director	C/O JACK IN THE BOX INC, 9330 BALVOA AVE, SAN DIEGO CA 92123