Quanex Building Products (NX)

Debt-to-capital ratio

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 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 555,029 545,554 525,955 492,727 475,688 464,835 450,137 436,174 424,499 419,782 405,389 395,097 377,708 355,759 339,938 323,957 329,933 330,187 361,350 360,888
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

January 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $555,029K)
= 0.00

Based on the provided data, Quanex Building Products has consistently maintained a debt-to-capital ratio of 0.00 across multiple periods, indicating that the company has no debt in relation to its capital structure. This demonstrates a strong financial position in terms of leverage and implies that the company may be relying more on equity financing rather than debt to fund its operations and investments. A debt-to-capital ratio of 0.00 signifies a low financial risk associated with debt obligations and suggests a conservative approach to capital structure management. It also indicates that the company may have a strong ability to finance its activities internally without leveraging its balance sheet with debt.


Peer comparison

Jan 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