National Presto Industries Inc (NPK)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 356,256 | 348,052 | 357,623 | 374,348 | 367,957 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $356,256K)
= 0.00
Based on the data provided, the debt-to-capital ratio of National Presto Industries Inc has remained at 0.00 for the past five years, indicating that the company has not utilized debt financing to fund its operations or investments relative to its total capital structure. A debt-to-capital ratio of 0.00 typically suggests that the company relies primarily on equity financing rather than debt to support its business activities, which may be viewed positively by investors and creditors as it implies lower financial risk and leverage. However, it is important to note that a debt-to-capital ratio of 0.00 could also indicate that the company has no debt on its balance sheet, which may limit its financial flexibility in terms of leveraging opportunities for growth or capital allocation strategies. Overall, a consistent debt-to-capital ratio of 0.00 over the past five years reflects National Presto Industries Inc's conservative approach to capital structure management.
Peer comparison
Dec 31, 2023