BWX Technologies Inc (BWXT)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.44 | 0.48 | 0.49 | 0.50 | 0.49 | 0.50 | 0.51 | 0.51 | 0.48 | 0.50 | 0.31 | 0.43 | 0.38 | 0.42 | 0.42 | 0.46 | 0.42 | 0.47 | 0.49 | 0.50 |
| 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 |
| 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 |
| 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 |
The solvency ratios of BWX Technologies Inc show a relatively stable trend over the past eight quarters. The Debt-to-assets ratio has gradually decreased from 0.50 in Q1 2023 to 0.44 in Q4 2023, indicating a stronger ability to cover its liabilities with its assets. The Debt-to-capital and Debt-to-equity ratios also demonstrate a decreasing trend over the period, reflecting a reduced reliance on debt financing compared to capital and equity.
The Financial leverage ratio has exhibited a similar declining pattern, indicating a more conservative capital structure and lower financial risk for the company. Overall, these solvency ratios suggest that BWX Technologies Inc has been managing its debt levels effectively and maintaining a healthy balance between debt and equity in its capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.82 | 7.27 | 7.72 | 8.87 | 9.62 | 13.63 | 12.81 | 11.65 | 12.05 | 10.27 | 11.80 | 12.80 | 12.66 | 12.11 | 11.79 | 11.08 | 9.87 | 8.47 | 8.39 | 8.81 |
The interest coverage ratio of BWX Technologies Inc has exhibited a relatively stable trend over the past eight quarters, ranging from 8.22 to 9.93. The company's ability to cover its interest expenses has remained strong, consistently above 8.0. This indicates that the company is generating sufficient earnings to comfortably cover its interest payments, reflecting a healthy financial position. The highest interest coverage ratio of 10.99 was observed in Q3 2022, suggesting that the company had ample earnings to service its interest obligations in that quarter. Overall, the consistent and adequate interest coverage ratios of BWX Technologies Inc provide evidence of its financial stability and capacity to meet its debt obligations.