National Presto Industries Inc (NPK)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.24 | 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 | 1.15 | 1.11 | 1.14 | 1.13 | 1.14 |
Based on the solvency ratios of National Presto Industries Inc, it is evident that the company has consistently maintained a low debt-to-assets, debt-to-capital, and debt-to-equity ratios across the periods examined, all registering at 0.00. This indicates that the company operates with minimal financial leverage and has a strong financial position with little reliance on debt for its operations.
However, the financial leverage ratio has fluctuated slightly over the periods, ranging from 1.11 to 1.24. This ratio indicates that the company's assets are financed primarily through equity rather than debt. The increase in the financial leverage ratio over time may suggest a slight increase in the company's reliance on debt relative to equity for financing its operations.
Overall, National Presto Industries Inc appears to have a conservative capital structure, with a prudent approach to managing its solvency and financial risk.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 6.31 | 5.57 | 5.26 | 2.79 | 9.71 | 12.95 | 33.14 | — | — | — | — | — | — | — | — | — | — | — | 40.69 |
National Presto Industries Inc's interest coverage ratio has exhibited fluctuations over the periods provided. The interest coverage ratio measures the company's ability to meet interest obligations on its debt. A higher ratio indicates a stronger ability to cover interest expenses.
The interest coverage ratio for National Presto Industries Inc ranged from a low of 2.79 to a high of 40.69 during the periods provided. The company experienced a significant improvement in its interest coverage ratio in the first quarter of 2022 with a ratio of 33.14 and an even higher ratio in the second quarter of 2022 at 12.95. However, the ratio decreased in subsequent periods until the third quarter of 2023 when it stood at 6.31.
Overall, the company's interest coverage ratio seems to have fluctuated, with some periods showing strong coverage and others indicating a lower ability to cover interest expenses. Moving forward, it would be important to assess the company's ability to maintain a consistent and healthy interest coverage ratio to ensure it can comfortably meet its debt obligations.