Haverty Furniture (Haverty Furniture) Debt-to-Equity : 0.71 (As of Dec. 2023)

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What is Haverty Furniture Debt-to-Equity?

Haverty Furniture's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $37.4 Mil. Haverty Furniture's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $180.4 Mil. Haverty Furniture's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $308.4 Mil. Haverty Furniture's debt to equity for the quarter that ended in Dec. 2023 was 0.71.

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 Haverty Furniture's Debt-to-Equity or its related term are showing as below:

HVT.A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.46 Max: 0.92
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Haverty Furniture was 0.92. The lowest was 0.21. And the median was 0.46.

HVT.A's Debt-to-Equity is ranked worse than
54.38% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs HVT.A: 0.71

Haverty Furniture Debt-to-Equity Historical Data

The historical data trend for Haverty Furniture'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.

Haverty Furniture Debt-to-Equity Chart

Haverty Furniture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.69

0.92

0.90

0.77

0.71

Haverty Furniture 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															0.77	0.75	0.71	0.70	0.71

Competitive Comparison of Haverty Furniture's Debt-to-Equity

For the Home Improvement Retail subindustry, Haverty Furniture'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.

Haverty Furniture's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

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

Haverty Furniture Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Haverty Furniture'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
	=	(37.357	+	180.397)	/	308.366
	=	0.71

Haverty Furniture'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
	=	(37.357	+	180.397)	/	308.366
	=	0.71

Haverty Furniture (NYSE:HVT.A) 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.

Haverty Furniture Debt-to-Equity Related Terms

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Haverty Furniture (Haverty Furniture) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Haverty Furniture Companies Inc (NYSE:HVT.A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HVT:USA 25F:Germany

Address

780 Johnson Ferry Road, Suite 800, Atlanta, GA, USA, 30342

Website

https://www.havertys.com

Haverty Furniture Companies Inc is a specialty retailer of residential furniture and accessories. It provides various products such as Sofa Tables, Sleepers, End Tables, Cocktail Tables, Accent Pieces, Display Cabinets, Wall Decor, Florals and Tress, and other related products. The company operates primarily in the Southern and Midwestern U.S. All its activities are encompassed in its Merchandise division. The company derives the majority of its revenue from its upholstery products and, secondarily, from bedroom furniture.