Insteel Industries Inc (IIIN)
Debt-to-capital ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 350,855 | 381,505 | 389,744 | 302,038 | 264,803 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $350,855K)
= 0.00
The debt-to-capital ratio of Insteel Industries Inc for the past five years has consistently been reported as 0.00, indicating that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital primarily comprises equity, implying a lower financial risk as there is no debt obligation to service. Insteel Industries Inc's consistent low debt-to-capital ratio could indicate a conservative financial strategy, with a focus on maintaining a strong balance sheet and financial stability.
Peer comparison
Sep 30, 2024