BWX Technologies Inc (BWXT)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,747,060 | 2,618,940 | 2,501,380 | 2,293,500 | 1,908,910 |
| Total stockholders’ equity | US$ in thousands | 933,351 | 748,310 | 637,175 | 617,766 | 404,106 |
| Financial leverage ratio | 2.94 | 3.50 | 3.93 | 3.71 | 4.72 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,747,060K ÷ $933,351K
= 2.94
The financial leverage ratio of BWX Technologies Inc has exhibited a decreasing trend over the past five years. It stood at 4.72 in 2019 and has since decreased to 2.94 in 2023. This indicates a reduction in the firm's dependence on debt financing to support its operations and investments. A lower financial leverage ratio suggests a lower level of financial risk and a stronger financial position for the company. Overall, the declining trend in the financial leverage ratio of BWX Technologies Inc reflects a more conservative approach towards capital structure management, potentially enhancing the company's financial stability and resilience.
Peer comparison
Dec 31, 2023