BorgWarner Inc (BWA)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.53 | 2.46 | 2.32 | 2.42 | 2.48 | 2.45 | 2.29 | 2.30 | 2.35 | 2.37 | 2.34 | 2.37 | 2.39 | 2.48 | 2.54 | 2.51 | 2.49 | 2.29 | 2.24 | 2.01 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,993,000K ÷ $5,532,000K
= 2.53
The financial leverage ratio of BorgWarner Inc has exhibited fluctuations over the reported periods between March 31, 2020, and December 31, 2024. The ratio ranged from a low of 2.01 on March 31, 2020, to a peak of 2.54 on June 30, 2021. Generally, the financial leverage ratio increased gradually from 2.01 in March 2020 to 2.54 in June 2021, indicating an increase in financial leverage during this period.
However, following the peak in June 2021, the financial leverage ratio began to decrease, reaching 2.32 on June 30, 2024. This downward trend suggests a reduction in financial leverage and may indicate efforts by the company to deleverage its capital structure or reduce reliance on debt financing.
Overall, the financial leverage ratio of BorgWarner Inc fluctuated within a relatively narrow range of 2.01 to 2.54 over the analyzed period, with a slight downward trend in recent quarters. Investors and stakeholders may monitor this ratio to assess the company's capital structure and financing decisions.
Peer comparison
Dec 31, 2024