Powell Industries Inc (POWL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 483,073 | 345,026 | 297,206 | 301,223 | 306,626 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $483,073K)
= 0.00
The debt-to-capital ratio of Powell Industries Inc has consistently been 0.00 for the past five years from September 30, 2020, to September 30, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 implies that all of Powell Industries Inc's capital has been financed through equity rather than debt. This could suggest a conservative financial strategy or strong cash reserves that have allowed the company to operate without incurring debt obligations. Furthermore, a low or zero debt-to-capital ratio may also indicate a lower risk of financial distress or bankruptcy, as the company is not relying on borrowed funds for its operations.
Peer comparison
Sep 30, 2024