Insteel Industries Inc (IIIN)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $333,595K
= 0.00
The debt-to-equity ratio of Insteel Industries Inc has consistently been at 0.00 for the periods ending December 31, 2023, September 30, 2023, June 30, 2023, and March 31, 2023. This indicates that the company did not have any debt relative to its equity during these quarters. However, it is notable that there was a slight increase in the debt-to-equity ratio to 0.02 as of December 31, 2019, reflecting a small amount of debt relative to equity at that time.
Overall, maintaining a low or zero debt-to-equity ratio can be a positive sign as it suggests that the company is not heavily reliant on debt financing to fund its operations. It also indicates a strong equity position, which can provide stability and resilience in the face of financial challenges. However, it is essential to monitor any changes in this ratio over time to ensure that the company's financial structure remains sustainable and in line with its strategic goals.
Peer comparison
Dec 31, 2023