Insteel Industries Inc (IIIN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 333,595 | 381,505 | 375,066 | 364,978 | 360,674 | 389,744 | 364,924 | 325,147 | 286,020 | 302,038 | 276,996 | 258,736 | 243,734 | 264,803 | 257,066 | 250,831 | 246,180 | 246,017 | 248,324 | 246,530 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $333,595K)
= 0.00
The debt-to-capital ratio of Insteel Industries Inc has consistently been at 0.00 for the past several quarters, indicating that the company has not had any debt in relation to its capital structure during that period. However, there was a slight increase noted in the most recent quarter ending in March 31, 2019, where the ratio was reported at 0.02, suggesting a minimal level of debt relative to the capital employed by the company.
This trend of low to almost negligible debt levels in relation to capital over the past quarters signifies that Insteel Industries Inc has maintained a conservative financial approach with minimal reliance on debt financing. Investors and stakeholders typically view low debt levels favorably as it indicates lower financial risk and potentially better financial stability for the company.
Peer comparison
Dec 31, 2023