Kadant Inc (KAI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,430,340 | 1,175,660 | 1,149,880 | 1,132,210 | 927,571 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,430,340K
= 0.00
The debt-to-assets ratio for Kadant Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that all of Kadant's assets are funded by equity rather than debt, reflecting a strong financial position with low financial risk related to debt obligations. This stable ratio signifies that the company has been able to manage its assets efficiently without relying on borrowed funds, which may be viewed positively by investors and creditors alike.
Peer comparison
Dec 31, 2024