Standex International Corporation (SXI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 621,503 | 607,449 | 499,343 | 506,425 | 461,632 |
| Debt-to-equity ratio | 0.24 | 0.29 | 0.35 | 0.39 | 0.43 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $148,876K ÷ $621,503K
= 0.24
The debt-to-equity ratio of Standex International Corporation has been decreasing over the past five years, indicating a positive trend towards lower reliance on debt financing relative to equity. As of June 30, 2024, the company's debt-to-equity ratio stands at 0.24, reflecting a relatively conservative capital structure with a higher proportion of equity compared to debt. This signifies a strong financial position and lower financial risk for Standex International Corporation, as the company has been able to reduce its debt levels in relation to shareholders' equity over time. Overall, the decreasing trend in the debt-to-equity ratio suggests improved financial stability and potentially favorable prospects for the company's long-term sustainability and growth.
Peer comparison
Jun 30, 2024