Powell Industries Inc (POWL)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | 0 | — | — | 0 | 0 | 0 | 0 | 0 | 400 | 400 | 400 | 400 | 800 | 800 | 800 |
| Total assets | US$ in thousands | 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 | 467,411 | 437,106 | 413,604 |
| 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 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $807,949K
= 0.00
The debt-to-assets ratio for Powell Industries, Inc. has consistently been 0.00 across the periods of Dec 31, 2022, to Dec 31, 2023. This indicates that the company has not utilized debt as a source of financing in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, which is indicative of a conservative financial structure. Although a low debt-to-assets ratio may signal financial stability and lower default risk, it also implies missed opportunities for leveraging with lower-cost debt financing. Further analysis of the company's capital structure and overall financial strategy is required to fully evaluate the implications of this consistently low debt-to-assets ratio.
Peer comparison
Dec 31, 2023