BWX Technologies Inc (BWXT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,080,680 | 933,351 | 748,310 | 637,175 | 617,766 |
| Debt-to-capital ratio | 0.49 | 0.56 | 0.63 | 0.65 | 0.58 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,042,970K ÷ ($1,042,970K + $1,080,680K)
= 0.49
The debt-to-capital ratio of BWX Technologies Inc has displayed some fluctuations over the past five years. As of December 31, 2020, the ratio stood at 0.58, indicating that 58% of the company's capital structure was funded by debt. Over the following years, the ratio increased to 0.65 by December 31, 2021, before declining to 0.63 by December 31, 2022.
Subsequently, the ratio decreased further to 0.56 by December 31, 2023, suggesting a lower reliance on debt financing compared to the previous year. By the end of December 31, 2024, the debt-to-capital ratio experienced another decline to 0.49, showcasing a trend towards a more equity-heavy capital structure.
Overall, the company's debt-to-capital ratio has displayed some variability, with the most recent data indicating a lower reliance on debt financing in comparison to the previous years. This trend may suggest a shift in the company's financing strategy or improvements in its financial position.
Peer comparison
Dec 31, 2024