Curtiss-Wright Corporation (CW)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,328,410 | 1,981,210 | 1,826,490 | 1,787,570 | 1,774,370 |
| Debt-to-equity ratio | 0.45 | 0.53 | 0.58 | 0.54 | 0.43 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,050,360K ÷ $2,328,410K
= 0.45
Looking at the trend in Curtiss-Wright Corp.'s debt-to-equity ratio over the past five years, we observe fluctuations in the ratio. The ratio decreased from 0.63 in 2022 to 0.58 in 2021 before slightly increasing to 0.59 in 2020. However, there was a notable decline to 0.43 in 2019, indicating a lower level of debt relative to equity.
A debt-to-equity ratio of 0.45 in 2023 suggests that the company has reduced its reliance on debt financing compared to the previous year. This might indicate a more conservative approach to capital structure or effective management of debt levels. It's worth noting that a lower debt-to-equity ratio generally signifies a lower financial risk and greater financial stability.
Overall, the downward trend in Curtiss-Wright Corp.'s debt-to-equity ratio over the period reflects a potentially positive development in managing the company's capital structure and financial leverage.
Peer comparison
Dec 31, 2023