Insteel Industries Inc (IIIN)

Debt-to-equity ratio

Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 350,855 346,015 340,621 333,595 381,505 375,066 364,978 360,674 389,744 364,924 325,147 286,020 302,038 276,996 258,736 243,734 264,803 257,066 250,831 246,180
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 0.00

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 0.00 across all the reporting periods provided. This indicates that the company has not utilized any debt to finance its operations and has relied solely on equity for funding. This ultra-low debt-to-equity ratio suggests a strong financial position in terms of solvency and lower financial risk. It also implies that the company may have abundant equity capital to support its operations and growth without the burden of significant debt obligations. However, it is advisable to carefully monitor changes in this ratio over time, as a sudden increase in debt could introduce new risks to the company's financial stability.


Peer comparison

Sep 30, 2024

Company name
Symbol
Debt-to-equity ratio
Insteel Industries Inc
IIIN
0.00
Gibraltar Industries Inc
ROCK
0.00
Worthington Industries Inc
WOR
0.33
Worthington Steel Inc
WS
0.00