CSW Industrials Inc (CSWI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,050,350 | 669,772 | 635,078 | 608,191 | 605,963 | 579,003 | 525,675 | 516,172 | 500,537 | 482,240 | 469,086 | 474,114 | 463,865 | 444,826 | 415,449 | 402,717 | 302,041 | 284,010 | 280,365 | 292,992 |
| Debt-to-capital ratio | 0.00 | 0.15 | 0.21 | 0.20 | 0.22 | 0.27 | 0.32 | 0.35 | 0.35 | 0.36 | 0.35 | 0.33 | 0.32 | 0.34 | 0.37 | 0.39 | 0.03 | 0.03 | 0.04 | 0.03 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $1,050,350K)
= 0.00
The debt-to-capital ratio of CSW Industrials Inc has been fluctuating over the analyzed periods, ranging from 0.00 to 0.39. The ratio was relatively stable between September 2020 and June 2023, hovering around 0.32 to 0.37. However, in the latter half of 2023 and throughout 2024, the ratio experienced more variability, with values ranging from 0.15 to 0.39.
A decreasing trend in the debt-to-capital ratio was observed from 0.37 in March 2021 to 0.15 in June 2024. This suggests a potential decrease in the company's reliance on debt financing in relation to its overall capital structure during this period.
It is noteworthy that the debt-to-capital ratio dropped significantly in recent quarters, indicating a possible shift towards a more equity-based capital structure. This change could be driven by various factors such as refinancing activities, debt repayments, or equity injections.
Overall, the declining trend in the debt-to-capital ratio of CSW Industrials Inc over the analyzed periods may signal improved financial stability and a healthier balance between debt and equity in the company's capital structure. However, further investigation into the specific factors driving these changes would be necessary to fully assess the company's financial health and strategic direction.
Peer comparison
Sep 30, 2024