Quanex Building Products (NX)
Debt-to-equity ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,010,750 | 545,554 | 464,835 | 419,782 | 355,759 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,010,750K
= 0.00
Based on the data provided, Quanex Building Products has consistently maintained a debt-to-equity ratio of 0.00 for the past five years, with no debt relative to equity during this period. This indicates that the company has been primarily funded by equity rather than debt. A debt-to-equity ratio of 0.00 suggests a conservative financial structure with a low level of financial risk stemming from debt obligations. However, it is essential to consider that having no debt might limit the company's financial flexibility and potential tax advantages associated with debt financing. Overall, Quanex Building Products' consistent low debt-to-equity ratio reflects a cautious approach to leverage and financial risk management.
Peer comparison
Oct 31, 2024