Curtiss-Wright Corporation (CW)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,985,700 | 4,620,970 | 4,448,300 | 4,103,540 | 4,021,330 |
| Total stockholders’ equity | US$ in thousands | 2,449,800 | 2,328,410 | 1,981,210 | 1,826,490 | 1,787,570 |
| Financial leverage ratio | 2.04 | 1.98 | 2.25 | 2.25 | 2.25 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,985,700K ÷ $2,449,800K
= 2.04
The financial leverage ratio of Curtiss-Wright Corporation remained relatively stable at 2.25 from December 31, 2020, to December 31, 2022. However, there was a noticeable decrease to 1.98 on December 31, 2023, before slightly increasing to 2.04 on December 31, 2024. This indicates that the company's reliance on debt to finance its operations decreased in 2023 but rose slightly in 2024. Overall, the company's financial leverage position appears to have fluctuated over the years, with potential implications for its risk profile and financial stability.
Peer comparison
Dec 31, 2024
Company name
Symbol
Financial leverage ratio
Curtiss-Wright Corporation
CW
2.04
Eaton Corporation PLC
ETN
2.02
Enerpac Tool Group Corp
EPAC
1.98