Curtiss-Wright Corporation (CW)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,449,800 | 2,328,410 | 1,981,210 | 1,826,490 | 1,787,570 |
| Debt-to-capital ratio | 0.28 | 0.31 | 0.35 | 0.37 | 0.35 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $958,949K ÷ ($958,949K + $2,449,800K)
= 0.28
The debt-to-capital ratio for Curtiss-Wright Corporation has seen fluctuations over the past five years, based on the provided data.
As of December 31, 2020, the debt-to-capital ratio was 0.35, indicating that 35% of the company's capital was financed through debt. This ratio increased slightly to 0.37 by December 31, 2021, suggesting a higher reliance on debt financing.
However, the trend reversed in the subsequent years. By December 31, 2022, the ratio decreased to 0.35, showing a reduction in the proportion of debt in the company's capital structure. Further improvement was observed by December 31, 2023, with the ratio dropping to 0.31, indicating a more conservative approach towards debt financing.
The most significant change occurred by December 31, 2024, where the debt-to-capital ratio decreased to 0.28. This significant decrease suggests that Curtiss-Wright Corporation has managed to further reduce its reliance on debt financing, potentially indicating improved financial stability and lower financial risk.
Overall, the fluctuations in Curtiss-Wright Corporation's debt-to-capital ratio over the years demonstrate a dynamic approach to managing its capital structure and optimizing its financing mix.
Peer comparison
Dec 31, 2024