Kadant Inc (KAI)
Debt-to-assets ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,430,340 | 1,489,340 | 1,456,030 | 1,409,430 | 1,175,660 | 1,154,100 | 1,161,420 | 1,169,140 | 1,149,880 | 1,106,850 | 1,124,000 | 1,144,270 | 1,132,210 | 1,133,130 | 1,029,480 | 935,665 | 927,571 | 913,891 | 915,292 | 909,048 |
| Debt-to-assets 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 |
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% for all the reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during these periods. A debt-to-assets ratio of 0.00% typically implies that the company's assets are entirely financed by equity, suggesting a low financial risk due to the absence of debt obligations. Investors and creditors may view this as a positive sign of financial stability and sound capital structure, as the company has not relied on borrowing to support its operations and investment activities.
Peer comparison
Dec 31, 2024