At Home Group Inc. (NYSE:HOME) Q2 2021 Earnings Conference Call - Final Transcript
Sep 01, 2020 • 04:30 pm ET
Jeffrey R. Knudson
which we define as net debt to adjusted EBITDA at quarter-end was 1.4 times on a trailing 12-month basis, a record low for us. This was slightly better than our preliminary estimates due to upside and adjusted EBITDA. Our leverage ratio improved approximately 4 turns in Q2 compared to Q1.
With our strong Q2 results and the recent completion of our debt refinancing, we believe we are in our best financial shape since going public four years ago. We expect our balance sheet to get even stronger as we continue to focus on balancing growth with free cash flow generation.
With that, I'll now turn the call back over to Lee for final remarks.
Lewis L. Bird III
Thanks, Jeff. With 15% unaided brand awareness and only 37% of our addressable market consumed, At Home is still a young company with a significant opportunity ahead, yet, the majority of which we're navigating through the current crisis and emerging stronger is a testament to our strong foundation and the resolve of our leadership team. We believe we have a strong model, a sound strategy, the right team, and the necessary capital resources to take us to the next level.
With that, operator, please open the line for questions.