Insteel Industries Inc (IIIN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 390,568 | 447,513 | 445,382 | 428,224 | 423,756 | 471,745 | 481,048 | 420,558 | 368,779 | 390,710 | 371,931 | 336,861 | 309,951 | 337,902 | 336,690 | 319,035 | 306,451 | 293,009 | 304,795 | 311,571 |
| 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 |
| Financial leverage ratio | 1.17 | 1.17 | 1.19 | 1.17 | 1.17 | 1.21 | 1.32 | 1.29 | 1.29 | 1.29 | 1.34 | 1.30 | 1.27 | 1.28 | 1.31 | 1.27 | 1.24 | 1.19 | 1.23 | 1.26 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $390,568K ÷ $333,595K
= 1.17
The financial leverage ratio of Insteel Industries Inc has shown some fluctuation over the past five quarters. The ratio has been hovering between 1.17 and 1.34, with an average around 1.25. In the most recent quarter, the financial leverage ratio was at 1.17, indicating that the company's level of financial leverage remained relatively stable compared to the previous quarter.
Overall, the financial leverage ratio suggests that Insteel Industries Inc relies moderately on debt financing to support its operations and growth initiatives. It will be important for the company to monitor and manage its leverage effectively to ensure a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023