Standex International Corporation (SXI)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 148,876 | 173,441 | 174,830 | 199,490 | 199,150 |
| Total assets | US$ in thousands | 1,005,060 | 1,024,930 | 934,439 | 962,223 | 930,878 |
| Debt-to-assets ratio | 0.15 | 0.17 | 0.19 | 0.21 | 0.21 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $148,876K ÷ $1,005,060K
= 0.15
The debt-to-assets ratio of Standex International Corporation has shown a declining trend over the past five years, indicating an improvement in the company's leverage position. As of June 30, 2024, the ratio stood at 0.15, the lowest level in the period under consideration. This suggests that the company relied less on debt financing relative to its total assets, which can be seen as a positive sign of financial stability and lower default risk.
The decreasing trend in the debt-to-assets ratio could signify that Standex International Corporation has been efficiently managing its debt levels and/or increasing its asset base. By maintaining a lower debt-to-assets ratio, the company may have more financial flexibility and be better positioned to weather economic downturns or take advantage of growth opportunities.
Overall, the improvement in Standex International Corporation's debt-to-assets ratio indicates a positive financial trajectory and a healthier balance sheet structure over the years. This trend suggests prudent financial management and a reduced level of financial risk for the company.
Peer comparison
Jun 30, 2024