Powell Industries Inc (POWL)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 0 | 0 | 400 |
| Total assets | US$ in thousands | 928,180 | 752,242 | 493,380 | 436,192 | 472,278 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $928,180K
= 0.00
The debt-to-assets ratio for Powell Industries Inc has consistently remained at 0.00 for the past five years, indicating that the company has not had any debt on its balance sheet relative to its total assets during this period. This suggests that Powell Industries Inc has been primarily funding its operations and investments through equity financing rather than taking on debt. While a low debt-to-assets ratio is often seen as a positive indicator of financial stability and lower financial risk, it is important to consider the company's overall financial strategy and capital structure in order to fully assess the implications of this ratio.
Peer comparison
Sep 30, 2024