Standex International Corporation (SXI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 621,503 | 618,982 | 620,571 | 594,639 | 607,449 | 605,550 | 529,417 | 491,690 | 499,343 | 527,620 | 523,450 | 512,730 | 506,425 | 482,653 | 498,190 | 476,568 | 461,632 | 466,804 | 489,604 | 472,921 |
| Debt-to-capital ratio | 0.19 | 0.19 | 0.19 | 0.20 | 0.22 | 0.22 | 0.26 | 0.29 | 0.26 | 0.27 | 0.28 | 0.28 | 0.28 | 0.29 | 0.29 | 0.30 | 0.30 | 0.31 | 0.28 | 0.29 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $148,876K ÷ ($148,876K + $621,503K)
= 0.19
The debt-to-capital ratio of Standex International Corporation has shown some fluctuations over the past few quarters. The ratio, which measures the proportion of total debt to total capital employed by the company, has ranged between 0.19 and 0.31 over the last two years.
From December 2019 to September 2020, the debt-to-capital ratio remained relatively stable between 0.28 and 0.31. There was a slight decrease in the ratio in the following quarters, indicating a lower reliance on debt financing compared to capital. However, by March 2021, the ratio started to trend upwards, reaching 0.29 by the end of December 2021.
Throughout 2022 and the first half of 2023, the ratio fluctuated between 0.26 and 0.28, indicating some variability in the company's capital structure. Notably, by September 2023, the ratio increased to 0.30, suggesting a higher proportion of debt relative to capital employed.
Overall, Standex International Corporation has maintained a moderate debt-to-capital ratio, indicating a mix of debt and equity in its financing structure. It is essential for the company to monitor and manage this ratio effectively to ensure a healthy and sustainable capital structure in the long run.
Peer comparison
Jun 30, 2024