Powell Industries Inc (POWL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 483,073 | 436,739 | 393,785 | 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 |
| 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 |
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 several quarters. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure, meaning that all funds used to finance operations and investments are sourced from equity. This suggests that the company is not relying on borrowed funds to fund its activities, which can be considered a positive sign of financial stability and creditworthiness. However, it's important to note that having no debt in the capital structure may also limit the company's growth opportunities or tax benefits associated with debt financing. Overall, the consistent 0.00 debt-to-capital ratio for Powell Industries Inc indicates a conservative financial approach in terms of debt management.
Peer comparison
Sep 30, 2024