Insteel Industries Inc (IIIN)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 447,513 | 471,745 | 390,710 | 337,902 | 293,009 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $447,513K
= 0.00
Based on the provided data, Insteel Industries, Inc. has consistently maintained a debt-to-assets ratio of 0.00 over the past five years. This indicates that the company has not relied on debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed by equity, which may reflect a strong financial position and lower financial risk. However, it's important to note that a debt-to-assets ratio of 0.00 could also indicate that the company has not utilized debt as a leverage tool to potentially enhance returns for shareholders. Further analysis of the company's capital structure and risk management strategies would provide a more comprehensive understanding of its financial position and decision-making.
Peer comparison
Sep 30, 2023