Curtiss-Wright Corporation (CW)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,985,700 | 4,885,740 | 4,748,190 | 4,612,080 | 4,620,970 | 4,413,960 | 4,441,100 | 4,362,120 | 4,448,300 | 4,342,160 | 4,402,530 | 4,089,370 | 4,103,540 | 4,083,300 | 4,084,980 | 3,981,050 | 4,021,330 | 3,959,780 | 3,642,670 | 3,631,390 |
| 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 |
| Financial leverage ratio | 2.04 | 1.96 | 1.93 | 1.94 | 1.98 | 2.02 | 2.08 | 2.12 | 2.25 | 2.30 | 2.36 | 2.21 | 2.25 | 2.15 | 2.16 | 2.17 | 2.25 | 2.20 | 2.13 | 2.17 |
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 has exhibited some fluctuations over the analyzed period. The ratio started at 2.17 as of March 31, 2020, and generally decreased slightly over the first half of 2020, reaching 2.13 by June 30, 2020. Subsequently, the ratio increased, peaking at 2.36 on June 30, 2022, before stabilizing around the 2.0 mark towards the end of the period under review, with a notable decrease to 1.93 as of June 30, 2024. The ratio decreased further to 1.94 by March 31, 2024, and continued to decrease gradually through September 30, 2024, reaching 1.96, before increasing slightly to 2.04 by December 31, 2024.
Overall, the trend indicates some variability in the company's financial leverage over time, with periods of both increasing and decreasing leverage ratios observed. This may suggest fluctuations in the company's debt levels relative to its equity over the reviewed period. Further analysis would be necessary to understand the factors driving these fluctuations and to assess the implications for the company's financial position and risk profile.
Peer comparison
Dec 31, 2024