CSW Industrials Inc (CSWI)
Debt-to-assets ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 115,000 | 166,000 | 153,000 | 173,000 | 210,000 | 253,000 | 275,973 | 268,934 | 273,074 | 252,214 | 230,355 | 213,495 | 230,635 | 241,776 | 254,916 | 10,056 | 10,197 | 10,337 | 10,477 |
| Total assets | US$ in thousands | 1,359,300 | 1,050,530 | 1,043,330 | 993,131 | 1,011,310 | 1,033,100 | 1,043,450 | 1,047,670 | 1,021,390 | 1,017,920 | 995,360 | 950,045 | 903,022 | 904,242 | 879,522 | 880,577 | 391,667 | 874,957 | 374,059 | 380,694 |
| Debt-to-assets ratio | 0.00 | 0.11 | 0.16 | 0.15 | 0.17 | 0.20 | 0.24 | 0.26 | 0.26 | 0.27 | 0.25 | 0.24 | 0.24 | 0.26 | 0.27 | 0.29 | 0.03 | 0.01 | 0.03 | 0.03 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $1,359,300K
= 0.00
The debt-to-assets ratio for CSW Industrials Inc has shown a fluctuating trend over the past few quarters. The ratio was consistently low in 2020 and the first half of 2021, indicating a strong asset base relative to debt levels. However, there was a noticeable increase in the ratio from the fourth quarter of 2021 through the second quarter of 2023, reaching a peak of 0.27. This rise suggests an increase in debt levels relative to total assets during this period.
In the more recent quarters, the debt-to-assets ratio has shown a declining pattern, dropping to 0.11 in the second quarter of 2024 and further decreasing to 0.00 in the most recent quarter. This decline may indicate a reduction in debt levels compared to total assets, potentially reflecting improved financial health and a stronger financial position for the company.
Overall, the trend of the debt-to-assets ratio for CSW Industrials Inc has been volatile but has shown a recent improvement, potentially signaling a more conservative approach to managing debt and a stronger balance sheet. It will be important to continue monitoring this ratio to assess the company's leverage and financial risk going forward.
Peer comparison
Sep 30, 2024