BWX Technologies Inc (BWXT)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 933,351 | 748,310 | 637,175 | 617,766 | 404,106 |
| Debt-to-equity ratio | 1.29 | 1.71 | 1.87 | 1.40 | 2.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,203,420K ÷ $933,351K
= 1.29
The debt-to-equity ratio of BWX Technologies Inc has shown a fluctuating trend over the past five years. In 2019, the ratio was relatively high at 2.04, indicating that the company had a higher level of debt compared to equity during that year.
Subsequently, there was a downward trend in the ratio in 2020 and 2023, which suggests that the company decreased its reliance on debt financing and improved its equity position relative to debt.
However, a significant increase in the ratio was observed in 2021, reaching 1.87, indicating a higher level of debt relative to equity compared to the previous year. This increase could potentially signal a strategic decision by the company to utilize more debt financing for growth or investment opportunities during that period.
In 2022 and 2023, the ratio decreased slightly but remained relatively high at 1.72 and 1.30, respectively. This suggests that the company still maintains a considerable level of debt compared to equity in its capital structure.
Overall, BWX Technologies Inc's debt-to-equity ratio has shown variability over the years, indicating fluctuations in its capital structure and debt management strategies. Further assessment of the company's financial health and risk profile would be necessary to determine the implications of these changes in the debt-to-equity ratio.
Peer comparison
Dec 31, 2023