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 | ||
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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