Powell Industries Inc (POWL)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $483,073K
= 0.00
Based on the data provided, Powell Industries Inc has consistently reported a debt-to-equity ratio of 0.00 for the past five years. This indicates that the company has not utilized any debt financing relative to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company relies primarily on equity to finance its operations and growth, which may imply a lower financial risk and potential for greater financial stability. Additionally, a debt-to-equity ratio of 0.00 could also signify that the company may have sufficient internal funds or access to other sources of capital, allowing it to operate without the need for external debt. However, it is essential to consider the industry norms and the company's specific circumstances when interpreting this ratio further.
Peer comparison
Sep 30, 2024