Insteel Industries Inc (IIIN)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 5,365 |
| Total assets | US$ in thousands | 390,568 | 447,513 | 445,382 | 428,224 | 423,756 | 471,745 | 481,048 | 420,558 | 368,779 | 390,710 | 371,931 | 336,861 | 309,951 | 337,902 | 336,690 | 319,035 | 306,451 | 293,009 | 304,795 | 311,571 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $390,568K
= 0.00
The debt-to-assets ratio for Insteel Industries Inc has consistently been at 0.00 for the past several quarters until the fourth quarter of 2019 where it increased to 0.02. This indicates that the company has been operating with a very low level of debt in relation to its total assets, signifying a conservative approach to financing its operations. Low debt-to-assets ratio is often perceived positively by investors and creditors as it suggests a lower risk of financial distress and greater financial stability. However, the sudden increase in the ratio in the fourth quarter of 2019 may warrant further investigation to understand the reason behind the shift in the capital structure of the company.
Peer comparison
Dec 31, 2023