Powell Industries Inc (POWL)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 0 | 0 | 400 | 800 |
| Total assets | US$ in thousands | 752,242 | 493,380 | 436,192 | 472,278 | 467,411 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $752,242K
= 0.00
The debt-to-assets ratio for Powell Industries, Inc. has remained consistently at 0.00 over the past five years. This indicates that the company has not used debt financing to fund its assets during this period. While a low debt-to-assets ratio typically signifies that the company is less reliant on debt to finance its operations, it may also suggest that Powell Industries, Inc. has significant assets funded by equity or other sources. Further analysis of the company's capital structure and financial strategy would be necessary to provide a comprehensive understanding of its financing decisions.
Peer comparison
Sep 30, 2023