Curtiss-Wright Corporation (CW)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 958,949 | 959,302 | 959,655 | 960,009 | 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 |
| Total stockholders’ equity | US$ in thousands | 2,449,800 | 2,490,420 | 2,458,420 | 2,380,180 | 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 |
| Debt-to-equity ratio | 0.39 | 0.39 | 0.39 | 0.40 | 0.45 | 0.48 | 0.55 | 0.60 | 0.53 | 0.61 | 0.54 | 0.52 | 0.58 | 0.50 | 0.51 | 0.52 | 0.54 | 0.59 | 0.49 | 0.54 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $958,949K ÷ $2,449,800K
= 0.39
The debt-to-equity ratio of Curtiss-Wright Corporation has fluctuated over the period under analysis, ranging from 0.39 to 0.61. The ratio provides insight into the company's capital structure and financial leverage. A lower ratio indicates that the company is relying more on equity financing, while a higher ratio suggests a greater reliance on debt.
From December 31, 2022, to March 31, 2024, the debt-to-equity ratio decreased steadily, from 0.53 to 0.40. This suggests a reduction in the level of debt relative to shareholders' equity during this period, potentially indicating improved financial stability and reduced risk.
It's important to note that a low debt-to-equity ratio does not necessarily indicate better financial performance, as it depends on the industry and company's specific circumstances. Further analysis would be needed in conjunction with other financial ratios and qualitative factors to assess Curtiss-Wright Corporation's overall financial health and risk profile.
Peer comparison
Dec 31, 2024