CSW Industrials Inc (CSWI)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 166,000 | 253,000 | 252,214 | 241,776 | 10,337 |
| Total assets | US$ in thousands | 1,043,330 | 1,043,450 | 995,360 | 879,522 | 374,059 |
| Debt-to-assets ratio | 0.16 | 0.24 | 0.25 | 0.27 | 0.03 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $166,000K ÷ $1,043,330K
= 0.16
The debt-to-assets ratio of CSW Industrials Inc has exhibited a declining trend over the past five years, suggesting a relative reduction in the proportion of the company's assets financed by debt. As of March 31, 2024, the ratio stands at 0.16, indicating that 16% of the company's total assets are funded by debt. This may imply improved financial stability and lower financial risk, as a lower debt-to-assets ratio typically reflects a lower dependency on borrowing to finance operations and investments. It is important to note that a decreasing trend in this ratio could be a positive sign for investors and creditors, as it indicates a potential strengthening of the company's financial position. However, further analysis considering the company's overall capital structure, industry benchmarks, and market conditions would provide a more comprehensive understanding of CSW Industrials Inc's financial health.
Peer comparison
Mar 31, 2024