CSW Industrials Inc (CSWI)
Debt-to-equity 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-equity ratio | 0.00 | 0.17 | 0.26 | 0.25 | 0.29 | 0.36 | 0.48 | 0.53 | 0.54 | 0.57 | 0.54 | 0.49 | 0.46 | 0.52 | 0.58 | 0.63 | 0.03 | 0.04 | 0.04 | 0.04 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $1,050,350K
= 0.00
The debt-to-equity ratio of CSW Industrials Inc has shown fluctuations over the past few years, indicating changes in the company's capital structure and leverage. The ratio was consistently low in 2024, starting at 0.17 in June and dropping to 0.00 by September. This suggests that the company had minimal debt relative to equity during this period.
In previous quarters, the ratio fluctuated between 0.25 and 0.58, showing some degree of reliance on debt to finance its operations and investments. The peak in the ratio was observed in March 2023 at 0.58, indicating higher levels of debt compared to equity.
Overall, the trend in the debt-to-equity ratio for CSW Industrials Inc has been variable, but the recent decrease to 0.00 in September 2024 may indicate a strategic shift towards a more equity-based financing approach. It is important for investors and stakeholders to monitor this ratio over time to assess the company's financial risk and stability.
Peer comparison
Sep 30, 2024