Curtiss-Wright Corporation (CW)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,050,360 | 1,051,900 | 1,050,610 | 958,292 | 760,639 |
| Total assets | US$ in thousands | 4,620,970 | 4,448,300 | 4,103,540 | 4,021,330 | 3,764,260 |
| Debt-to-assets ratio | 0.23 | 0.24 | 0.26 | 0.24 | 0.20 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,050,360K ÷ $4,620,970K
= 0.23
The debt-to-assets ratio of Curtiss-Wright Corp. has shown some fluctuation over the past five years. In 2019, the ratio was 0.20, indicating that the company had a lower level of debt compared to its total assets. However, this ratio increased to 0.26 in both 2020 and 2021 before declining slightly to 0.23 in 2023.
A debt-to-assets ratio of 0.23 in 2023 suggests that Curtiss-Wright Corp. financed approximately 23% of its assets through debt, indicating a moderate level of leverage. This indicates that the company relies more on equity financing than debt financing. A lower debt-to-assets ratio may generally be considered favorable as it implies lower financial risk and indicates a more conservative capital structure.
It is important for stakeholders to monitor changes in the debt-to-assets ratio over time as significant fluctuations could indicate shifts in the company's financing strategy, financial risk profile, or overall financial health. Further analysis and comparison with industry peers may provide more insights into Curtiss-Wright Corp.'s leverage position and financial stability.
Peer comparison
Dec 31, 2023