BWX Technologies Inc (BWXT)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,203,420 | 1,334,470 | 1,330,520 | 1,361,570 | 1,282,620 | 1,340,720 | 1,380,250 | 1,299,780 | 1,189,300 | 1,253,830 | 784,111 | 1,018,260 | 862,731 | 902,197 | 826,831 | 911,312 | 809,442 | 849,589 | 855,690 | 856,005 |
| Total stockholders’ equity | US$ in thousands | 933,351 | 872,036 | 841,659 | 788,129 | 748,310 | 712,714 | 704,286 | 659,889 | 637,175 | 578,315 | 708,997 | 656,238 | 617,766 | 550,186 | 481,517 | 429,512 | 404,106 | 354,476 | 294,130 | 242,849 |
| Debt-to-capital ratio | 0.56 | 0.60 | 0.61 | 0.63 | 0.63 | 0.65 | 0.66 | 0.66 | 0.65 | 0.68 | 0.53 | 0.61 | 0.58 | 0.62 | 0.63 | 0.68 | 0.67 | 0.71 | 0.74 | 0.78 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,203,420K ÷ ($1,203,420K + $933,351K)
= 0.56
The debt-to-capital ratio of BWX Technologies Inc has been relatively stable over the past eight quarters, ranging from 0.56 to 0.66. The trend shows that the company has maintained a moderate level of debt compared to its total capital structure during this period.
In the most recent quarter, Q4 2023, the debt-to-capital ratio stands at 0.56, indicating that 56% of the company's capital structure is financed through debt. This suggests a favorable mix of debt and equity financing, with the company having a higher proportion of equity relative to debt.
Overall, the trend in the debt-to-capital ratio suggests that BWX Technologies Inc has been managing its debt load effectively, maintaining a balance between debt and equity financing to support its operations and growth strategy. With the ratio consistently below 1, it indicates that the company is not heavily reliant on debt for its capital needs, which can be viewed positively by investors and creditors.
Peer comparison
Dec 31, 2023