GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » M/I Homes Inc (NYSE:MHO) » Definitions » Financial Strength

MHO (M/I Homes) Financial Strength : 7 (As of Jun. 2024)


View and export this data going back to 1993. Start your Free Trial

What is M/I Homes Financial Strength?

M/I Homes has the Financial Strength Rank of 7.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate M/I Homes's interest coverage with the available data. M/I Homes's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.22. As of today, M/I Homes's Altman Z-Score is 4.90.


Competitive Comparison of M/I Homes's Financial Strength

For the Residential Construction subindustry, M/I Homes's Financial Strength, along with its competitors' market caps and Financial Strength 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.


M/I Homes's Financial Strength Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, M/I Homes's Financial Strength distribution charts can be found below:

* The bar in red indicates where M/I Homes's Financial Strength falls into.



M/I Homes Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

M/I Homes's Interest Expense for the months ended in Jun. 2024 was $0 Mil. Its Operating Income for the months ended in Jun. 2024 was $187 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $975 Mil.

M/I Homes's Interest Coverage for the quarter that ended in Jun. 2024 is

GuruFocus does not calculate M/I Homes's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

M/I Homes's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 975.218) / 4439.124
=0.22

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

M/I Homes has a Z-score of 4.90, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 4.9 is strong.

* 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.


M/I Homes  (NYSE:MHO) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

M/I Homes has the Financial Strength Rank of 7.


M/I Homes Financial Strength Related Terms

Thank you for viewing the detailed overview of M/I Homes's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


M/I Homes Business Description

Traded in Other Exchanges
Address
4131 Worth Avenue, Suite 500, Columbus, OH, USA, 43219
M/I Homes Inc is an American construction company that focuses on residential construction. It consists of two distinct operations: homebuilding and financial services. The homebuilding operations are spread into the Midwest, Mid-Atlantic, and Southern regions and the financial services operations support homebuilding operations by providing mortgage loans and title services to the customers of homebuilding operations. Homebuilding operations comprise the most significant portion of the revenue. The company builds homes and communities that target entry-level, move-up, and luxury homebuyers.
Executives
Robert H Schottenstein director, officer: Chairman, CEO & President
Ann Marie Hunker officer: Principal Accounting Officer
Phillip G Creek director, officer: Ex. Vice President and CFO
Susan E Krohne officer: Chief Legal Officer, Secretary 4131 WORTH AVE, SUITE 500, COLUMBUS OH 43219
Bruce A Soll director 17655 WATERVIEW PKWY, DALLAS TX 75252
Norman L Traeger director
J Thomas Mason director, officer: Ex. VP & Chief Legal Officer 3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Kumi D Walker director 17 STANBERRY AVENUE, BEXLEY OH 43209
William H Carter director C/O MOMENTIVE SPECIALTY CHEMICALS INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Michael P Glimcher director C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Nancy J Kramer director
Friedrich Km Bohm director
Elizabeth K Ingram director 555 W. GOODALE STREET, COLUMBUS OH 43215
Thomas D Igoe director
Sharen J Turney director THREE LIMITED PARKWAY, COLUMBUS OH 43230

M/I Homes Headlines

From GuruFocus

M/I Homes Inc Annual Shareholders Meeting Transcript

By GuruFocus Research 02-10-2024

Q3 2021 M/I Homes Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024

M/I Homes Inc (MHO) Trading Down 3.56% on Sep 11

By GuruFocus Research 09-11-2024

M/I Homes Reports 2024 Second Quarter Results

By PRNewswire 07-30-2024

Q1 2024 M/I Homes Inc Earnings Call Transcript

By GuruFocus Research 04-25-2024

Q3 2023 M/I Homes Inc Earnings Call Transcript

By GuruFocus Research 02-10-2024