Insteel Industries Inc (IIIN)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 422,552 | 447,513 | 471,745 | 390,710 | 337,902 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $422,552K
= 0.00
The debt-to-assets ratio for Insteel Industries Inc has been consistently reported as 0.00 for the years ending on September 30, 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not had any financial leverage in its capital structure during these years. A debt-to-assets ratio of 0.00 means that the company has not used any debt financing to fund its assets, suggesting a robust financial position with a low risk of default. While a lower debt-to-assets ratio is generally favorable as it implies lower financial risk, it can also signify missed opportunities for tax benefits or potential growth that debt financing could provide. Insteel Industries Inc's consistent 0.00 debt-to-assets ratio over the years may reflect a conservative financial strategy focused on maintaining a strong balance sheet and minimizing financial risks associated with debt.
Peer comparison
Sep 30, 2024