BWX Technologies Inc (BWXT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,203,420 | 1,282,620 | 1,189,300 | 862,731 | 809,442 |
| Total assets | US$ in thousands | 2,747,060 | 2,618,940 | 2,501,380 | 2,293,500 | 1,908,910 |
| Debt-to-assets ratio | 0.44 | 0.49 | 0.48 | 0.38 | 0.42 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,203,420K ÷ $2,747,060K
= 0.44
The debt-to-assets ratio for BWX Technologies Inc has shown some fluctuations over the past five years. In 2023, the ratio stands at 0.44, indicating that 44% of the company's assets are funded by debt. This represents a slight decrease from the previous year's ratio of 0.49.
Looking back, the ratio was at its highest in 2022 at 0.49, suggesting that 49% of assets were financed by debt. Prior to that, the ratios were fairly stable around the 0.41 to 0.43 range between 2019 and 2021.
Overall, the downward trend in the debt-to-assets ratio since 2022 may indicate that BWX Technologies Inc has been gradually reducing its reliance on debt to finance its assets. This could be viewed positively by investors and creditors as lower debt levels generally imply less financial risk and more stability for the company.
Peer comparison
Dec 31, 2023