Insteel Industries Inc (IIIN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $350,855K
= 0.00
The debt-to-equity ratio of Insteel Industries Inc has consistently been reported as 0.00 for the past five years, from September 30, 2020, to September 30, 2024. This indicates that the company has not utilized any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 may imply that the company relies solely on equity financing, which could suggest a conservative financial strategy with a lower risk of financial distress due to debt obligations. However, it is essential to consider that a debt-to-equity ratio of 0.00 may also signify that the company has a lack of leverage, possibly missing out on potential tax benefits and leveraging opportunities for growth. Overall, further analysis of the company's capital structure and financial strategy is recommended to gain a deeper understanding of Insteel Industries Inc's financial position and decision-making.
Peer comparison
Sep 30, 2024