Hovnanian Enterprises (STU:HO3A) Debt-to-Equity : 1.70 (As of Jan. 2024)

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What is Hovnanian Enterprises Debt-to-Equity?

Hovnanian Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €0 Mil. Hovnanian Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €949 Mil. Hovnanian Enterprises's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €557 Mil. Hovnanian Enterprises's debt to equity for the quarter that ended in Jan. 2024 was 1.70.

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 Hovnanian Enterprises's Debt-to-Equity or its related term are showing as below:

STU:HO3A' s Debt-to-Equity Range Over the Past 10 Years
Min: -16.89 Med: -3.47 Max: 21.73
Current: 1.7

During the past 13 years, the highest Debt-to-Equity Ratio of Hovnanian Enterprises was 21.73. The lowest was -16.89. And the median was -3.47.

STU:HO3A's Debt-to-Equity is ranked worse than
85.11% of 94 companies
in the Homebuilding & Construction industry
Industry Median: 0.545 vs STU:HO3A: 1.70

Hovnanian Enterprises Debt-to-Equity Historical Data

The historical data trend for Hovnanian Enterprises'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.

Hovnanian Enterprises Debt-to-Equity Chart

Hovnanian Enterprises Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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-3.43

-3.63

7.85

3.37

1.97

Hovnanian Enterprises Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															3.23	2.98	2.43	1.97	1.70

Competitive Comparison of Hovnanian Enterprises's Debt-to-Equity

For the Residential Construction subindustry, Hovnanian Enterprises'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.

Hovnanian Enterprises's Debt-to-Equity Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Hovnanian Enterprises's Debt-to-Equity distribution charts can be found below:

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

Hovnanian Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hovnanian Enterprises's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(0	+	1082.449)	/	550.904
	=	1.96

Hovnanian Enterprises's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(0	+	949.368)	/	557.307
	=	1.70

Hovnanian Enterprises (STU:HO3A) 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.

Hovnanian Enterprises Debt-to-Equity Related Terms

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Hovnanian Enterprises (STU:HO3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Hovnanian Enterprises Inc (STU:HO3A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HOV:USA HOVNP.PFD:USA HO3A:Germany

Address

90 Matawan Road, Fifth Floor, Matawan, NJ, USA, 07747

Website

https://www.khov.com

Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.

Hovnanian Enterprises (STU:HO3A) Headlines

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