National Presto Industries Inc (NPK)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 440,536 | 411,847 | 420,398 | 433,170 | 410,253 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $440,536K
= 0.00
The debt-to-assets ratio of National Presto Industries Inc has consistently been 0.00 for the past five years, indicating that the company operates with zero debt relative to its total assets. This suggests that the company has been primarily funded through equity financing rather than debt financing during the period under review. With a debt-to-assets ratio of 0.00, National Presto Industries Inc appears to have a strong financial position with low financial risk stemming from debt obligations. It also implies that the company may have sufficient internal resources or cash flows to fund its operations, investments, and any expansion plans without relying on external borrowing. However, it is worth noting that a zero debt-to-assets ratio could also indicate underutilization of debt financing opportunities, which could potentially limit the company's growth prospects or tax advantages associated with debt financing.
Peer comparison
Dec 31, 2023