Quanex Building Products (NX)

Debt-to-equity 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-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

January 31, 2024 calculation

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

The debt-to-equity ratio of Quanex Building Products has consistently been 0.00 in each of the reporting periods provided. This indicates that the company has not used any debt to finance its operations, and its capital structure is entirely reliant on equity. While a debt-to-equity ratio of 0.00 may suggest a lower risk level due to the absence of debt obligations, it may also point to missed opportunities for leveraging debt to potentially enhance returns on equity. Monitoring this ratio over time can provide insights into the company's financial strategy and risk management practices.


Peer comparison

Jan 31, 2024

Company name
Symbol
Debt-to-equity ratio
Quanex Building Products
NX
0.00
Howmet Aerospace Inc
HWM
0.87
Kaiser Aluminum Corporation
KALU
1.59
Mueller Industries Inc
MLI
0.00