Quanex Building Products (NX)

Debt-to-capital ratio

Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,010,750 594,136 566,122 555,029 545,554 525,955 492,727 475,688 464,835 450,137 436,174 424,499 419,782 405,389 395,097 377,708 355,759 339,938 323,957 329,933
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

October 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,010,750K)
= 0.00

The debt-to-capital ratio of Quanex Building Products has consistently been reported as 0.00 over the past few quarters. This indicates that Quanex has not utilized any debt to finance its operations in relation to its capital structure during these periods. A debt-to-capital ratio of 0.00 implies that the company's capital structure is primarily composed of equity, suggesting a lower financial risk and a conservative approach to leverage. It's important to note that a zero debt-to-capital ratio may limit potential returns but also reduces the financial risk associated with high levels of debt.


Peer comparison

Oct 31, 2024

Company name
Symbol
Debt-to-capital ratio
Quanex Building Products
NX
0.00
Howmet Aerospace Inc
HWM
0.46
Kaiser Aluminum Corporation
KALU
0.61
Mueller Industries Inc
MLI
0.00