MillerKnoll (MillerKnoll) LT-Debt-to-Total-Asset : 0.40 (As of Feb. 2024)

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What is MillerKnoll LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. MillerKnoll's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.40.

MillerKnoll's long-term debt to total assets ratio declined from Feb. 2023 (0.41) to Feb. 2024 (0.40). It may suggest that MillerKnoll is progressively becoming less dependent on debt to grow their business.

MillerKnoll LT-Debt-to-Total-Asset Historical Data

The historical data trend for MillerKnoll's LT-Debt-to-Total-Asset 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.

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MillerKnoll LT-Debt-to-Total-Asset Chart

MillerKnoll Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.18

0.35

0.24

0.39

0.41

MillerKnoll Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.41	0.41	0.40	0.39	0.40

MillerKnoll LT-Debt-to-Total-Asset Calculation

MillerKnoll's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	1758.8	/	4274.8
	=	0.41

MillerKnoll's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	1645.6	/	4095.1
	=	0.40

MillerKnoll (NAS:MLKN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

MillerKnoll LT-Debt-to-Total-Asset Related Terms

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MillerKnoll (MillerKnoll) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » MillerKnoll Inc (NAS:MLKN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MHR:Germany

Address

855 East Main Avenue, P.O. Box 302, Zeeland, MI, USA, 49464

Website

https://www.millerknoll.com

MillerKnoll Inc, formerly Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe. The Company has three reportable segments: Americas Contract , International Contract & Specialty International & Specialty and Global Retail. The company's products are sold through a variety of sources, including owned and independent contract furniture dealers, direct customer sales, owned and independent retailers, direct-mail catalogs, and the company's online stores. The independent retailer division generates the majority of the firm's overall sales.

Executives

Jeffrey M Stutz	officer: TreasVPInvst Relatn	855 EAST MAIN, ZEELAND MI 49464
Mike C. Smith	director	STITCH FIX, INC., ONE MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Michael A Volkema	director
Michael R Smith	director	18 LOVETON CIRCLE, SPARKS MD 21152
Lisa A Kro	director	3700 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402
Megan Lyon	other: Chief Strategy Officer	855 EAST MAIN, ZEELAND MI 49464
Andi Owen	officer: President & CEO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Richard Scott	other: Chief Mfg and Ops Officer	855 EAST MAIN, ZEELAND MI 49464
Bruce Benedict Watson	other: Executive Creative Director	855 EAST MAIN, ZEELAND MI 49464
Kartik Shethia	other: President - Intl Contract	855 EAST MAIN AVE, ZEELAND MI 49464
Jeffrey L. Kurburski	other: VP Information Tech	855 EAST MAIN, ZEELAND MI 49464
Christopher M Baldwin	other: Group President, MillerKnoll	C/O KNOLL INC, 1235 WATER STREET, EAST GREENVILLE PA 18041
Jennifer K. Nicol	other: Chief People Officer	855 EAST MAIN AVE, ZEELAND MI 49464
John P Michael	officer: President, N America Contract	855 EAST MAIN, ZEELAND MI 49464
Debbie F Propst	officer: President - HM Consumer	855 EAST MAIN, ZEELAND MI 49464