Curtiss-Wright Corporation (CW)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,328,410 | 2,185,160 | 2,138,260 | 2,054,160 | 1,981,210 | 1,884,240 | 1,867,640 | 1,849,420 | 1,826,490 | 1,900,060 | 1,894,700 | 1,838,160 | 1,787,570 | 1,799,460 | 1,713,300 | 1,669,840 | 1,774,370 | 1,701,140 | 1,652,300 | 1,585,580 |
| Debt-to-capital ratio | 0.31 | 0.32 | 0.35 | 0.37 | 0.35 | 0.38 | 0.35 | 0.34 | 0.37 | 0.33 | 0.34 | 0.34 | 0.35 | 0.37 | 0.33 | 0.35 | 0.30 | 0.31 | 0.32 | 0.32 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,050,360K ÷ ($1,050,360K + $2,328,410K)
= 0.31
The debt-to-capital ratio of Curtiss-Wright Corp. has shown a declining trend over the past eight quarters, dropping from 0.42 in Q3 2022 to 0.31 in Q4 2023. This indicates that the company has been reducing its reliance on debt financing in comparison to its total capital structure. A lower debt-to-capital ratio suggests a healthier financial position, as the company is less burdened by debt obligations relative to its total capital. This trend may imply that Curtiss-Wright is managing its debt levels prudently and is potentially strengthening its financial stability. However, it is important to consider the factors influencing this ratio, such as the company's investment activities, profitability, and future growth prospects, to gain a more comprehensive understanding of its financial health.
Peer comparison
Dec 31, 2023