LGIH (LGI Homes) LT-Debt-to-Total-Asset : 0.41 (As of Dec. 2024)

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What is LGI Homes 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. LGI Homes's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.41.

LGI Homes's long-term debt to total assets ratio increased from Dec. 2023 (0.40) to Dec. 2024 (0.41). It may suggest that LGI Homes is progressively becoming more dependent on debt to grow their business.

LGI Homes LT-Debt-to-Total-Asset Historical Data

The historical data trend for LGI Homes'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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LGI Homes LT-Debt-to-Total-Asset Chart

LGI Homes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.30

0.35

0.40

0.41

LGI Homes Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.42	0.42	0.42	0.41

LGI Homes LT-Debt-to-Total-Asset Calculation

LGI Homes's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1523.992	/	3758.534
	=	0.41

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1523.992	/	3758.534
	=	0.41

LGI Homes (NAS:LGIH) 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.

LGI Homes LT-Debt-to-Total-Asset Related Terms

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LGI Homes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » LGI Homes Inc (NAS:LGIH) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1450 Lake Robbins Drive, Suite 430, The Woodlands, TX, USA, 77380

Website

https://www.lgihomes.com

LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring. They have seven operating segments ( West, Northwest, Central, Midwest, Florida, Southeast and Mid-Atlantic) that it aggregates into five qualifying reportable segment. Majority of the revenue is generated from Central division segment.

Executives

Eric Thomas Lipar	director, 10 percent owner, officer: Chief Executive Officer	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Michael Larry Snider	officer: See Remarks	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Scott James Garber	officer: General Counsel and Secretary	1450 LAKE ROBBINS DRIVE SUITE 430, THE WOODLANDS TX 77380
Charles Michael Merdian	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Steven Randal Smith	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Ryan Edone	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS X1 77380
Maria Renna Sharpe	director	11 EDWARDS COURT, MT. KISCO NY 10549
Rachel Lyons Eaton	officer: Chief Marketing Officer	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Jack Anthony Lipar	officer: See Remarks	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Shailee Parikh	director	27 N. ABERDEEN ST., UNIT 4S, CHICAGO IL 60607
Duncan S Gage	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Robert Karnig Vahradian	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Bryan Christopher Sansbury	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Laura Marie Miller	director	320 QUIET WATER LANE, ATLANTA GA 30350
Margaret Mary Britton	officer: Chief Administrative Officer	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380