Curtiss-Wright Corporation (CW)

Solvency ratios

	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
Debt-to-assets ratio	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	0.20	0.22	0.22	0.23
Debt-to-capital ratio	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	0.30	0.31	0.32	0.32
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
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

The solvency ratios of Curtiss-Wright Corp. reflect its ability to meet its long-term financial obligations. Looking at the trend over the past eight quarters:
- The debt-to-assets ratio has shown a decreasing trend, indicating that the company has been successful in lowering its reliance on debt to finance its assets.
- The debt-to-capital ratio has also been on a downward trajectory, suggesting that the company is gradually reducing its reliance on debt in its capital structure.
- The debt-to-equity ratio has exhibited a declining trend as well, showcasing a decreasing level of debt relative to shareholders' equity.
- The financial leverage ratio has been fluctuating but has generally decreased, indicating a reduction in the company's financial leverage and potential financial risk over time.

Overall, the trend of declining solvency ratios suggests that Curtiss-Wright Corp. has been managing its debt levels effectively, improving its financial stability, and reducing its financial risk exposure. However, it is important to continue monitoring these ratios to ensure the company maintains a healthy balance between debt and equity in its capital structure.

Coverage ratios

	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
Interest coverage	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	13.65	13.20	12.85	12.06

Curtiss-Wright Corp.'s interest coverage ratio has remained relatively stable over the past eight quarters, ranging from 8.21 to 9.78. This indicates that the company is generating sufficient earnings to cover its interest expenses comfortably. A higher interest coverage ratio suggests that the company is at lower risk of defaulting on its debt obligations, as it has more earnings available to meet its interest payments.

The consistency in the interest coverage ratio over this period is a positive sign, as it indicates that Curtiss-Wright Corp. has been effectively managing its debt and generating enough income to service its interest payments. Investors and creditors often view a stable or improving interest coverage ratio favorably, as it reflects the company's financial strength and ability to manage its debt obligations. Overall, Curtiss-Wright Corp.'s interest coverage ratio demonstrates sound financial health during the analyzed period.