Powell Industries Inc (POWL)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $366,320K
= 0.00

The debt-to-equity ratio of Powell Industries, Inc. has been consistently reported as 0.00 for the past eight consecutive quarters. This indicates that the company has not reported any long-term debt on its balance sheet in relation to its shareholders' equity during this period. A debt-to-equity ratio of 0.00 generally suggests that the company is financing its operations primarily through equity rather than debt. However, it is important to note that a debt-to-equity ratio of 0.00 could also indicate a potential lack of leverage, which may limit financial flexibility and the ability to take advantage of growth opportunities. It would be beneficial to examine other financial metrics and external factors to gain a more comprehensive understanding of the company's financial position and performance.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-equity ratio
Powell Industries Inc
POWL
0.00
Littelfuse Inc
LFUS
0.35