Curtiss-Wright Corporation (CW)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 958,949 | 1,050,360 | 1,051,900 | 1,050,610 | 958,292 |
| Total assets | US$ in thousands | 4,985,700 | 4,620,970 | 4,448,300 | 4,103,540 | 4,021,330 |
| Debt-to-assets ratio | 0.19 | 0.23 | 0.24 | 0.26 | 0.24 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $958,949K ÷ $4,985,700K
= 0.19
Curtiss-Wright Corporation's debt-to-assets ratio has shown a relatively stable trend over the five-year period analyzed. The ratio increased from 0.24 in December 31, 2020, to 0.26 in December 31, 2021, indicating a slight rise in debt relative to total assets. However, in the following years, the ratio decreased slightly, reaching 0.19 by December 31, 2024.
A debt-to-assets ratio of less than 1 suggests that Curtiss-Wright Corporation's assets are primarily funded by equity rather than debt, which can be seen as a positive indicator of financial health and stability. The decreasing trend in the ratio over the period may indicate effective management of debt levels or potentially greater asset growth compared to debt accumulation. It also suggests a conservative approach to financing operations, which can reduce financial risk and enhance the company's ability to weather economic uncertainties.
Peer comparison
Dec 31, 2024