Mohawk Industries (BSP:M1HK34) Debt-to-Equity

: 0.41 (As of Dec. 2023)

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Mohawk Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$5,442 Mil. Mohawk Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$9,992 Mil. Mohawk Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$37,352 Mil. Mohawk Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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 Mohawk Industries's Debt-to-Equity or its related term are showing as below:

BSP:M1HK34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.41 Max: 0.66
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Mohawk Industries was 0.66. The lowest was 0.32. And the median was 0.41.

BSP:M1HK34's Debt-to-Equity is ranked worse than
55.99% of 384 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs BSP:M1HK34: 0.41

Mohawk Industries Debt-to-Equity Historical Data

The historical data trend for Mohawk Industries'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.

Mohawk Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.36

0.32

0.40

0.41

Mohawk Industries 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															0.40	0.46	0.42	0.42	0.41

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Mohawk Industries'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.

Mohawk Industries Debt-to-Equity Distribution

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Mohawk Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mohawk Industries's Debt-to-Equity falls into.

Mohawk Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mohawk Industries'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
	=	(5441.595	+	9992.118)	/	37351.523
	=	0.41

Mohawk Industries'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
	=	(5441.595	+	9992.118)	/	37351.523
	=	0.41

Mohawk Industries (BSP:M1HK34) 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.

Mohawk Industries Debt-to-Equity Related Terms

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

Mohawk Industries (BSP:M1HK34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mohawk Industries Inc (BSP:M1HK34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MHK:USA

Address

160 South Industrial Boulevard, Calhoun, GA, USA, 30701

Website

https://www.mohawkind.com

Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring NA, and Flooring ROW. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.

Mohawk Industries (BSP:M1HK34) Headlines

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