National Presto Industries Inc (NPK)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $356,256K
= 0.00
The debt-to-equity ratio of National Presto Industries Inc has consistently been 0.00 over the past five years, indicating that the company has had no debt relative to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company has been able to finance its operations and growth primarily through equity rather than debt. This may signify a conservative financial approach, as the company has not been relying on borrowed funds to fund its activities. It could also imply a strong financial position, as a low debt-to-equity ratio typically signals lower financial risk and greater financial stability. Overall, the consistent 0.00 debt-to-equity ratio reflects a financially stable and well-capitalized position for National Presto Industries Inc throughout the analyzed period.
Peer comparison
Dec 31, 2023