BorgWarner Inc (BWA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,532,000 | 6,156,000 | 6,093,000 | 5,841,000 | 5,828,000 | 5,768,000 | 7,551,000 | 7,441,000 | 7,224,000 | 6,775,000 | 6,889,000 | 7,050,000 | 6,948,000 | 6,646,000 | 6,649,000 | 6,367,000 | 6,428,000 | 4,757,000 | 4,611,000 | 4,724,000 |
| Debt-to-capital ratio | 0.40 | 0.41 | 0.35 | 0.36 | 0.39 | 0.39 | 0.36 | 0.36 | 0.36 | 0.38 | 0.38 | 0.37 | 0.38 | 0.39 | 0.40 | 0.37 | 0.37 | 0.37 | 0.37 | 0.26 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,763,000K ÷ ($3,763,000K + $5,532,000K)
= 0.40
The debt-to-capital ratio of BorgWarner Inc has shown a fluctuating trend over the past few years, ranging from 0.26 to 0.41. The ratio increased from 0.26 as of March 31, 2020, to a peak of 0.41 as of September 30, 2024, before slightly decreasing to 0.40 by December 31, 2024. This indicates that the company's level of debt relative to its total capital has varied, with periods of higher leverage interspersed with periods of lower leverage. It is essential for stakeholders to closely monitor this ratio to assess BorgWarner Inc's capital structure and financial risk management.
Peer comparison
Dec 31, 2024