Hooker Furnishings (Hooker Furnishings) Debt-to-Equity : 0.34 (As of Jan. 2024)

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What is Hooker Furnishings Debt-to-Equity?

Hooker Furnishings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $8.4 Mil. Hooker Furnishings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $67.9 Mil. Hooker Furnishings's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $226.0 Mil. Hooker Furnishings's debt to equity for the quarter that ended in Jan. 2024 was 0.34.

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 Hooker Furnishings's Debt-to-Equity or its related term are showing as below:

HOFT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.24 Max: 0.4
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Hooker Furnishings was 0.40. The lowest was 0.14. And the median was 0.24.

HOFT's Debt-to-Equity is ranked better than
52.34% of 384 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs HOFT: 0.34

Hooker Furnishings Debt-to-Equity Historical Data

The historical data trend for Hooker Furnishings'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.

Hooker Furnishings Debt-to-Equity Chart

Hooker Furnishings Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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0.26

0.14

0.21

0.40

0.34

Hooker Furnishings 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															0.40	0.40	0.38	0.35	0.34

Competitive Comparison of Hooker Furnishings's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Hooker Furnishings'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.

Hooker Furnishings's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

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

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

Hooker Furnishings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hooker Furnishings's Debt to Equity Ratio for the fiscal year 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
	=	(8.357	+	67.895)	/	225.975
	=	0.34

Hooker Furnishings'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
	=	(8.357	+	67.895)	/	225.975
	=	0.34

Hooker Furnishings (NAS:HOFT) 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.

Hooker Furnishings Debt-to-Equity Related Terms

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

Hooker Furnishings (Hooker Furnishings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hooker Furnishings Corp (NAS:HOFT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

440 East Commonwealth Boulevard, Martinsville, VA, USA, 24112

Website

https://www.hookerfurnishings.com

Hooker Furnishings Corp formerly Hooker Furniture Corp is a designer, marketer, and importer of case goods, leather furniture, and fabric-upholstered furniture for the residential, hospitality, and contract markets. The company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture. Its segments are the Hooker Branded, which includes a wide range of design categories, home entertainment, home office, dining, and bedroom furniture; the Home Meridian segment includes Samuel Lawrence Furniture and Pulaski Furniture; and the Domestic Upholstery segment includes the domestic upholstery manufacturing operations of Sam Moore and Shenandoah Furniture and others. The company generates most of its revenue from the Home Meridian Segment.

Executives

Christopher L Henson	director	214 N TRYON STREET, CHARLOTTE NC 28202
Maria C Duey	director	440 COMMONWEALTH BLVD E, MARTINSVILLE VA 24112
Anne Jacobsen	officer: Senior Vice President	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD., MARTINSVILLE VA 24112
Paul A Huckfeldt	officer: Chief Financial Officer	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Tonya Harris Jackson	director	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Beeler W Christopher Jr	director	C/O HOOKER FURNITURE CORP, P O BOX 4708, MARTINSVILLE VA 24115
Tod R Phelps	officer: Sr. VP - Operations	PO BOX 4708, MARTINSVILLE VA 24115
Toms Paul B Jr	director, officer: Chief Executive Officer	HOOKER FURNITURE CORP, 440 E COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Donald Lee Boone	officer: Co-President HMI	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Douglas Townsend	officer: Co-President HMI	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARDM, MARTINSVILLE VA 24112
Williamson Henry G Jr	director	HOOKER FURNITURE CORPORATION, POB 4708, MARTINSVILLE VA 24112
E Larry Ryder	director	C/O HOOKER FURNITURE CORP, P O BOX 4708, MARTINSVILLE VA 24115
Michael W Delgatti	officer: President	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD., MARTINSVILLE VA 24112
Paulette Garafalo	director	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Jeremy R Hoff	officer: President	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112