BorgWarner Inc (BWA)
Debt-to-assets ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 1,674,000 | 1,656,000 | 1,929,000 | 1,923,000 |
| Total assets | US$ in thousands | 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 | 9,702,000 | 10,199,000 | 10,231,000 | 10,104,000 |
| Debt-to-assets ratio | 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 | 0.17 | 0.16 | 0.19 | 0.19 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,707,000K ÷ $14,453,000K
= 0.26
The debt-to-assets ratio for BorgWarner Inc has been relatively stable over the past eight quarters, ranging between 0.25 and 0.26. This indicates that, on average, approximately 25-26% of the company's assets are financed through debt. Overall, the consistency in the debt-to-assets ratio suggests that BorgWarner Inc has a prudent approach to managing its leverage, maintaining a moderate level of debt relative to its total assets. It is important for investors and stakeholders to continue monitoring this ratio in conjunction with other financial metrics to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023