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

Company name
Symbol
Debt-to-capital ratio
National Presto Industries Inc
NPK
0.00
Axon Enterprise Inc.
AXON
0.30
Sturm Ruger & Company Inc
RGR
0.00
Vista Outdoor Inc
VSTO
0.39