BWX Technologies Inc (BWXT)
Debt-to-equity 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-equity ratio | 1.29 | 1.53 | 1.58 | 1.73 | 1.71 | 1.88 | 1.96 | 1.97 | 1.87 | 2.17 | 1.11 | 1.55 | 1.40 | 1.64 | 1.72 | 2.12 | 2.00 | 2.40 | 2.91 | 3.52 |
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 eight quarters. The ratio has ranged from 1.30 to 1.97 during this period. The ratio peaked at 1.97 in Q1 2022, indicating a higher level of debt relative to equity at that time. Subsequently, there was a slight decrease in the ratio in the following quarters.
In the most recent quarter, Q4 2023, the debt-to-equity ratio stood at 1.30, which is the lowest level observed in the data provided. This suggests a more conservative capital structure with lower debt relative to equity. Overall, the company appears to have managed its debt levels effectively over the analyzed period, although further analysis of the reasons behind these fluctuations would provide more insights into the company's financial strategies.
Peer comparison
Dec 31, 2023