National Presto Industries Inc (NPK)
Solvency ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 1.23 | 1.23 | 1.24 | 1.24 | 1.26 | 1.24 | 1.21 | 1.20 | 1.20 | 1.18 | 1.18 | 1.17 | 1.18 | 1.18 | 1.20 | 1.16 | 1.16 | 1.16 | 1.14 | 1.17 |
Based on the solvency ratios of National Presto Industries Inc, we can see that the company has maintained a strong financial position with regards to its debt obligations. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have consistently remained at 0.00 over the reporting periods from June 2020 to March 2025. This indicates that the company has no significant long-term debt in relation to its assets, capital, or equity.
Furthermore, the financial leverage ratio has shown relative stability, ranging from 1.14 to 1.26 over the same period. This ratio measures the company's financial leverage and indicates the proportion of debt in its capital structure. A ratio below 2 is generally considered healthy as it suggests a manageable level of debt.
Overall, the solvency ratios suggest that National Presto Industries Inc has a conservative debt structure, with minimal financial risk and a strong ability to meet its debt obligations. Investors and creditors may view this positively as it reflects prudent financial management and a lower risk of default.
Coverage ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | 14.00 | 17.81 | 17.21 | 9.45 | 3.82 | 3.73 | 3.70 | 3.46 | 9.71 | 12.95 | 33.14 | — | — | — | — | — | — | — |
National Presto Industries Inc's interest coverage ratio has shown fluctuations over the periods presented. The interest coverage ratio provides insight into the company's ability to meet interest payments on its debt obligations. The data indicates that from March 31, 2022, to June 30, 2023, the interest coverage ratio remained relatively low, ranging from 3.46 to 3.73. This may suggest a lower capacity to cover interest expenses with operating profits during this period.
Subsequently, from March 31, 2023, to June 30, 2024, there was a significant improvement in the interest coverage ratio, reaching levels between 9.45 and 17.81. This indicates a stronger ability to cover interest expenses with operating earnings during this period, signaling improved financial health and debt servicing capacity.
However, the interest coverage ratio for December 31, 2024, and March 31, 2025, is not available (designated as "—"), making it difficult to assess the company's recent ability to cover interest payments. It would be important to monitor future financial reports to determine whether the company can sustain or improve its interest coverage ratio over time.