Curtiss-Wright Corporation (CW)

Solvency ratios

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
Debt-to-assets ratio 0.19 0.20 0.20 0.21 0.23 0.24 0.26 0.28 0.24 0.26 0.23 0.24 0.26 0.23 0.23 0.24 0.24 0.27 0.23 0.25
Debt-to-capital ratio 0.28 0.28 0.28 0.29 0.31 0.32 0.35 0.37 0.35 0.38 0.35 0.34 0.37 0.33 0.34 0.34 0.35 0.37 0.33 0.35
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
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

The solvency ratios of Curtiss-Wright Corporation indicate the company's ability to meet its long-term financial obligations.

The Debt-to-assets ratio has been relatively stable over the years, ranging between 0.19 and 0.28. This ratio shows that the company finances a moderate portion of its assets with debt.

The Debt-to-capital ratio has exhibited a downward trend from 0.35 in March 31, 2020, to 0.28 in December 31, 2024. This suggests that the company has been decreasing its reliance on debt to fund its operations and investments.

The Debt-to-equity ratio has also shown a decline over the years, from 0.59 in September 30, 2020, to 0.39 in December 31, 2024. This indicates that the company has been reducing its financial leverage and increasing equity financing.

The Financial leverage ratio has fluctuated but generally decreased from 2.25 in December 31, 2020, to 2.04 in December 31, 2024. A decreasing financial leverage ratio implies a lower reliance on debt to support the company's operations.

Overall, based on these solvency ratios, it can be concluded that Curtiss-Wright Corporation has been managing its financial leverage effectively, reducing its reliance on debt over time, and strengthening its financial position.

Coverage ratios

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
Interest coverage 12.41 12.91 12.25 10.97 10.01 9.34 8.58 9.11 9.28 8.88 9.54 9.25 9.81 9.01 8.93 8.17 8.40 10.42 11.46 13.57

The interest coverage ratio for Curtiss-Wright Corporation has demonstrated a generally decreasing trend from around 13.57 at the end of March 2020 to approximately 12.41 by December 2024. This ratio measures the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT). A higher interest coverage ratio indicates that Curtiss-Wright is more capable of meeting its interest obligations.

Although the ratio slightly fluctuated over the years, it stayed mostly above 8, reflecting a healthy ability to meet interest payments. The recent uptick in the ratio towards the end of the period suggests an improvement in the company's earnings relative to its interest expenses.

Overall, the interest coverage ratio analysis indicates that Curtiss-Wright Corporation has been effectively managing its interest obligations, providing a degree of confidence in its financial health and ability to service its debt.