Northstar Operates as a Debt-Free Business
Northstar Metal Products operates as a debt-free business, affording many advantages that are not available to its competitors. Initially debt-free businesses grow slower than most, but in the long run the benefits clearly make the decision to operate debt-free the competitive choice.
In fact, evidence proves that during economic downturns the less debt a business holds, the greater the odds it has of surviving the valley. And when an economy is improving or looking brighter, a debt-free business is in a better position to leverage this advantage and embrace new opportunities with greater agility.
Northstar is a privately held company that operates well into the safe zone of the Altman Z-Score financial health rating formula for private manufacturers.