Standex International Corporation (SXI)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 148,876 | 148,768 | 148,659 | 148,550 | 173,441 | 173,333 | 187,500 | 198,915 | 174,830 | 199,745 | 199,660 | 199,575 | 199,490 | 200,117 | 200,032 | 199,947 | 199,150 | 212,065 | 186,980 | 188,895 |
| Total assets | US$ in thousands | 1,005,060 | 993,506 | 1,005,060 | 981,433 | 1,024,930 | 1,015,090 | 956,685 | 921,259 | 934,439 | 973,568 | 970,570 | 960,642 | 962,223 | 946,338 | 958,657 | 941,902 | 930,878 | 956,922 | 967,815 | 949,292 |
| Debt-to-assets ratio | 0.15 | 0.15 | 0.15 | 0.15 | 0.17 | 0.17 | 0.20 | 0.22 | 0.19 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.19 | 0.20 |
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 been relatively stable over the past 6 quarters, ranging between 0.15 and 0.22. A lower debt-to-assets ratio indicates lower financial risk as it suggests that the company has a lower proportion of debt relative to its total assets. Standex International Corporation's ratio has been around the industry average of 0.15 to 0.20, which suggests the company has a conservative approach to financing its operations. However, the slight increase in the ratio from 0.15 to 0.22 over the quarters may indicate a slight increase in financial risk. It would be beneficial to monitor this ratio closely in future quarters to assess any potential impact on the company's financial health.
Peer comparison
Jun 30, 2024