BWX Technologies Inc (BWXT)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,042,970 | 1,203,420 | 1,282,620 | 1,189,300 | 862,731 |
| Total assets | US$ in thousands | 2,869,920 | 2,747,060 | 2,618,940 | 2,501,380 | 2,293,500 |
| Debt-to-assets ratio | 0.36 | 0.44 | 0.49 | 0.48 | 0.38 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,042,970K ÷ $2,869,920K
= 0.36
The Debt-to-assets ratio for BWX Technologies Inc has shown a slight upward trend over the years from 2020 to 2024. Starting at 0.38 in 2020, the ratio increased to 0.48 in 2021, further to 0.49 in 2022, decreased slightly to 0.44 in 2023, and then dropped to 0.36 in 2024.
The higher the debt-to-assets ratio, the higher the proportion of the company's assets financed by debt. A ratio below 1 indicates that the company's assets are primarily financed by equity rather than debt. During this period, it appears that BWX Technologies Inc had a healthy mix of debt and equity financing, with the ratio consistently below 0.5.
The decrease in the ratio from 2022 to 2024 may indicate that the company either reduced its debt levels or increased its asset base during that period. Overall, the trend suggests that BWX Technologies Inc has managed its debt levels effectively while maintaining a strong asset base. However, it is important for investors to continue monitoring the ratio to ensure the company maintains a sustainable level of debt relative to its assets.
Peer comparison
Dec 31, 2024