Powell Industries Inc (POWL)

Debt-to-capital 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 stockholders’ equity US$ in thousands 366,320 345,026 324,070 305,795 298,472 297,206 295,948 292,870 295,579 301,223 302,941 306,332 307,845 306,626 303,571 300,131 301,673 299,153 295,659 292,294
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $366,320K)
= 0.00

As of the given dates, Powell Industries, Inc. has consistently maintained a debt-to-capital ratio of 0.00, indicating that the company has not had any debt in its capital structure. This suggests that the company has been primarily financed by equity rather than debt. While a debt-to-capital ratio of 0.00 may indicate a strong financial position in terms of solvency and lower financial risk, it is unusual for a company not to have any debt in its capital structure. It is important to consider the implications of such a capital structure, as it may affect the company's tax benefits and cost of capital.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Powell Industries Inc
POWL
0.00
Littelfuse Inc
LFUS
0.26