Quanex Building Products (Quanex Building Products) Debt-to-Equity

: 0.20 (As of Jan. 2024)

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Quanex Building Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $10 Mil. Quanex Building Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $102 Mil. Quanex Building Products's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $555 Mil. Quanex Building Products's debt to equity for the quarter that ended in Jan. 2024 was 0.20.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Quanex Building Products's Debt-to-Equity or its related term are showing as below:

NX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.46 Max: 0.84
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Quanex Building Products was 0.84. The lowest was 0.00. And the median was 0.46.

NX's Debt-to-Equity is ranked better than
69.19% of 1503 companies
in the Construction industry
Industry Median: 0.44 vs NX: 0.20

Quanex Building Products Debt-to-Equity Historical Data

The historical data trend for Quanex Building Products's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Quanex Building Products Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

0.48

0.25

0.19

0.21

Quanex Building Products Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity																0.42	0.37	0.30	0.21	0.20

Competitive Comparison

For the Building Products & Equipment subindustry, Quanex Building Products's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Quanex Building Products Debt-to-Equity Distribution

For the Construction industry and Industrials sector, Quanex Building Products's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Quanex Building Products's Debt-to-Equity falls into.

Quanex Building Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quanex Building Products's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(9.589	+	106.796)	/	545.554
	=	0.21

Quanex Building Products's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(9.87	+	101.678)	/	555.029
	=	0.20

Quanex Building Products (NYSE:NX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Quanex Building Products Debt-to-Equity Related Terms

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Quanex Building Products (Quanex Building Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quanex Building Products Corp (NYSE:NX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4Q2:Germany

Address

945 Bunker Hill Road, Suite 900, Houston, TX, USA, 77024

Website

https://www.quanex.com

Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.

Executives

Curtis M Stevens	director	LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 1910, NASHVILLE TN 37219
Susan F Davis	director
William C Griffiths	director	C/O SPX CORPORATION, 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Paul Cornett	officer: SVP General Counsel, Secretary	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Karen Ettredge	officer: VP, Controller	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Bradley E. Hughes	director	2420 BRADWAY BOULEVARD, BLOOMFIELD VILLAGE MI 48301
Jason Lippert	director	C/O LIPPERT COMPONENTS INC, 2375 TAMIAMI TRAIL NORTH STE 11, NAPLES FL 34103
George Laverne Wilson	officer: Chief Operating Officer	1800 WEST LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Kimberley Garcia	officer: VP, CHRO	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Meredith W. Mendes	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Scott M. Zuehlke	officer: VP, IR & Treasurer	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Joseph D Rupp	director	QUANEX BUILDING PRODUCTS CORPORATION, 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Waltz William E Jr.	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Mark A Livingston	officer: VP CAO Controller	2105 CITY WEST BLVD., SUITE 500, HOUSTON TX 77042
Kevin P Delaney	officer: SVP-Gen. Counsel & Secretary	1900 WEST LOOP SOUTH SUITE 1500, HOUSTON TX 77027