Curtiss-Wright Corporation (CW)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 3,764,260 | 3,482,310 | 3,426,640 | 3,328,800 |
| 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 |
| Financial leverage ratio | 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 | 2.12 | 2.05 | 2.07 | 2.10 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,620,970K ÷ $2,328,410K
= 1.98
The financial leverage ratio of Curtiss-Wright Corp. has been fluctuating over the past eight quarters, ranging from 1.98 to 2.36. The ratio indicates the proportion of the company's total assets that are financed by its debt as opposed to equity. A higher financial leverage ratio suggests that the company relies more on debt to finance its operations and growth.
In the most recent quarter, the financial leverage ratio was 1.98, representing a decrease from the previous quarter. This may indicate a reduction in the company's reliance on debt financing relative to its total assets. However, the ratio has generally been trending upwards over the past two years, reaching a peak of 2.36 in Q3 2022, before slightly decreasing in the most recent quarter.
Overall, the trend in Curtiss-Wright Corp.'s financial leverage ratio suggests that the company has been increasing its debt financing relative to its assets over time. It is important for investors and stakeholders to monitor this ratio to assess the company's ability to manage its debt levels and financial risk effectively.
Peer comparison
Dec 31, 2023