BWX Technologies Inc (BWXT)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,747,060 | 2,776,840 | 2,740,570 | 2,718,910 | 2,618,940 | 2,672,060 | 2,705,520 | 2,569,110 | 2,501,380 | 2,489,710 | 2,566,400 | 2,351,910 | 2,293,500 | 2,124,310 | 1,971,360 | 1,966,600 | 1,908,910 | 1,826,420 | 1,756,480 | 1,716,790 |
| 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 |
| Financial leverage ratio | 2.94 | 3.18 | 3.26 | 3.45 | 3.50 | 3.75 | 3.84 | 3.89 | 3.93 | 4.31 | 3.62 | 3.58 | 3.71 | 3.86 | 4.09 | 4.58 | 4.72 | 5.15 | 5.97 | 7.07 |
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 been fluctuating over the past eight quarters, ranging from 2.94 to 3.89. The ratio measures the company's level of debt financing relative to equity, indicating the extent to which the company relies on debt to finance its operations.
The trend shows an increasing level of leverage from Q4 2022 to Q1 2023, reaching a peak of 3.89 in Q1 2022. This suggests that the company has been taking on more debt relative to equity during this period.
A higher financial leverage ratio may indicate a higher degree of financial risk, as increased debt levels can lead to higher interest payments and potential solvency issues in case of financial difficulties. On the other hand, a lower leverage ratio may indicate a more conservative capital structure with a greater reliance on equity financing.
It is important for investors and stakeholders to closely monitor the company's financial leverage ratio to assess its financial health and risk profile, as well as the company's ability to meet its financial obligations in the long term.
Peer comparison
Dec 31, 2023