Curtiss-Wright Corporation (CW)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,050,360 | 1,050,710 | 1,176,070 | 1,229,620 | 1,051,900 | 1,141,210 | 1,006,580 | 967,744 | 1,050,610 | 957,101 | 957,504 | 957,907 | 958,292 | 1,058,710 | 834,802 | 906,220 | 760,639 | 761,057 | 761,476 | 761,894 |
| Total assets | US$ in thousands | 4,620,970 | 4,413,960 | 4,441,100 | 4,362,120 | 4,448,300 | 4,342,160 | 4,402,530 | 4,089,370 | 4,103,540 | 4,083,300 | 4,084,980 | 3,981,050 | 4,021,330 | 3,959,780 | 3,642,670 | 3,631,390 | 3,764,260 | 3,482,310 | 3,426,640 | 3,328,800 |
| Debt-to-assets ratio | 0.23 | 0.24 | 0.26 | 0.28 | 0.24 | 0.26 | 0.23 | 0.24 | 0.26 | 0.23 | 0.23 | 0.24 | 0.24 | 0.27 | 0.23 | 0.25 | 0.20 | 0.22 | 0.22 | 0.23 |
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 been displaying a declining trend over the past eight quarters, which indicates an improvement in the company's financial leverage. The ratio decreased from 0.31 in Q3 2022 to 0.23 in Q4 2023, showcasing a consistent reduction in the proportion of debt relative to its total assets.
This decline suggests that Curtiss-Wright Corp. has been effectively managing its debt levels in comparison to its asset base. A lower debt-to-assets ratio implies that the company is relying less on debt financing and has a stronger ability to cover its debt obligations using its assets.
Overall, the decreasing trend in the debt-to-assets ratio reflects positively on Curtiss-Wright Corp.'s financial stability and risk profile, indicating a more conservative approach to financing its operations.
Peer comparison
Dec 31, 2023