Is M/I Homes financially healthy?
Yes
M/I Homes could pay off all its debt with 0.6 years of earnings.
The numbers behind it
Net debt / EBITDA0.6 years
Cash vs. debt$689M vs. $1.0B
Current ratio18.9×Short-term assets for each $1 of bills due within a year
Interest coverage5.6×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about M/I Homes
Data as of Nov 13, 2026.