Powell Industries Inc (POWL)
Debt-to-assets ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | 0 | — | — | 0 | 0 | 0 | 0 | 0 | 400 | 400 | 400 | 400 |
| Total assets | US$ in thousands | 928,180 | 868,983 | 849,618 | 807,949 | 752,242 | 671,098 | 587,096 | 513,672 | 493,380 | 451,804 | 439,705 | 423,800 | 436,192 | 421,961 | 440,748 | 448,310 | 472,278 | 487,198 | 446,597 | 466,451 |
| Debt-to-assets 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 |
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 been 0.00 for the past 20 quarters as per the data provided. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during those periods. This implies that the company has been primarily financing its operations and investments using equity rather than debt.
Having a debt-to-assets ratio of 0.00 can be seen as positive as it suggests that the company has not been relying on borrowed funds to finance its operations, reducing the financial risk associated with debt obligations. However, it is important to consider other factors such as the cost of equity financing and potential missed opportunities for leveraging debt to optimize the capital structure.
In summary, Powell Industries Inc has maintained a debt-free position over the past quarters, showcasing a conservative financial approach with a minimal reliance on debt to support its asset base.
Peer comparison
Sep 30, 2024