Standex International Corporation (SXI)
Debt-to-equity 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-equity ratio | 0.24 | 0.24 | 0.24 | 0.25 | 0.29 | 0.29 | 0.35 | 0.40 | 0.35 | 0.38 | 0.38 | 0.39 | 0.39 | 0.41 | 0.40 | 0.42 | 0.43 | 0.45 | 0.38 | 0.40 |
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 shown some fluctuations over the past few quarters. The ratio has ranged between 0.24 to 0.45 over the last five quarters, indicating variability in the company's financial leverage.
A lower debt-to-equity ratio, such as the ratios observed in the range of 0.24 to 0.29, suggests that the company is relying less on debt financing and has a stronger equity base. This can be viewed positively as it indicates lower financial risk and a more stable financial position.
However, as the ratio increased to 0.45 in the third quarter of 2019, it signals a higher level of debt relative to equity, which may raise concerns about the company's ability to meet its debt obligations and manage financial risks effectively.
Overall, the trend of the debt-to-equity ratio for Standex International Corporation shows some volatility, with the company experiencing fluctuations in its capital structure and financial leverage position. It would be important for the company to closely monitor and manage its debt levels to ensure sustainable financial health and stability in the long term.
Peer comparison
Jun 30, 2024