Curtiss-Wright Corporation (CW)
Debt-to-equity 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-equity ratio | 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 | 0.43 | 0.45 | 0.46 | 0.48 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,050,360K ÷ $2,328,410K
= 0.45
The debt-to-equity ratio of Curtiss-Wright Corp. has been exhibiting a decreasing trend over the past four quarters, declining from 0.63 in Q4 2022 to 0.45 in Q4 2023. This indicates that the company has been reducing its reliance on debt financing relative to equity financing.
A lower debt-to-equity ratio suggests a lower level of financial risk as the company is financing a smaller portion of its operations through borrowing. It also indicates a stronger financial position as the company has a greater proportion of equity in its capital structure.
Curtiss-Wright Corp.'s decreasing debt-to-equity ratio may signal improved financial health and stability, as it reflects a more conservative approach to managing its capital structure. However, it is important to monitor this ratio over time to ensure that the company maintains an optimal balance between debt and equity to support its growth and profitability objectives.
Peer comparison
Dec 31, 2023