BorgWarner Inc (BWA)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,763,000 | 4,195,000 | 3,283,000 | 3,295,000 | 3,707,000 | 3,665,000 | 4,191,000 | 4,175,000 | 4,140,000 | 4,080,000 | 4,156,000 | 4,223,000 | 4,261,000 | 4,288,000 | 4,348,000 | 3,708,000 | 3,738,000 | 2,787,000 | 2,762,000 | 1,664,000 |
| Total assets | US$ in thousands | 13,993,000 | 15,137,000 | 14,108,000 | 14,122,000 | 14,453,000 | 14,104,000 | 17,317,000 | 17,117,000 | 16,994,000 | 16,077,000 | 16,144,000 | 16,678,000 | 16,575,000 | 16,491,000 | 16,863,000 | 15,971,000 | 16,029,000 | 10,892,000 | 10,337,000 | 9,502,000 |
| Debt-to-assets ratio | 0.27 | 0.28 | 0.23 | 0.23 | 0.26 | 0.26 | 0.24 | 0.24 | 0.24 | 0.25 | 0.26 | 0.25 | 0.26 | 0.26 | 0.26 | 0.23 | 0.23 | 0.26 | 0.27 | 0.18 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,763,000K ÷ $13,993,000K
= 0.27
The debt-to-assets ratio of BorgWarner Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.18 in March 2020, indicating that 18% of the company's total assets were financed by debt. It increased to 0.27 by June 2020, suggesting a higher proportion of debt in relation to assets.
The ratio then decreased to 0.23 by December 2020 and remained fairly stable around this level through March 2023. This stability may indicate a consistent approach to managing the company's debt levels relative to its total assets during this period.
However, there was a slight increase to 0.26 by September 2023 and December 2023, before dropping back to 0.23 by March 31, 2024. It then increased to 0.28 by September 30, 2024, before slightly decreasing to 0.27 by the end of the year.
Overall, the debt-to-assets ratio of BorgWarner Inc has displayed some variability but generally remained within a moderate range between 0.18 and 0.28 during the analyzed period. This indicates a mix of debt and equity financing in the company's capital structure, with fluctuations possibly influenced by changes in borrowing patterns, asset acquisitions, or overall financial strategy.
Peer comparison
Dec 31, 2024