National Presto Industries Inc (NPK)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 356,256 | 342,682 | 335,296 | 329,483 | 348,052 | 345,525 | 336,372 | 329,391 | 357,623 | 354,071 | 349,690 | 340,119 | 374,348 | 360,047 | 347,695 | 334,690 | 367,957 | 355,891 | 339,199 | 330,669 |
| Debt-to-capital 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, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $356,256K)
= 0.00
The debt-to-capital ratio for National Presto Industries Inc has consistently remained at 0.00 for the past several quarters. This indicates that the company has not utilized debt as a significant portion of its capital structure. A debt-to-capital ratio of 0.00 signifies that the company has either zero debt or a negligible amount of debt in relation to its total capital.
From a financial standpoint, a debt-to-capital ratio of 0.00 may suggest that the company has a strong financial position with minimal financial leverage. This could imply lower financial risk, as the company is not heavily reliant on borrowed funds to finance its operations or investments. However, it is important to note that while a low debt ratio can be beneficial in terms of financial stability, it may also limit the potential for leveraging debt to fund growth opportunities or take advantage of favorable financing options.
Overall, National Presto Industries Inc's consistent debt-to-capital ratio of 0.00 reflects a conservative approach to capital structure management, which may align with the company's risk management and financial stability objectives.
Peer comparison
Dec 31, 2023