Westinghouse Air Brake Technologies Corp (WAB)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands 3,480,000 3,288,000 3,751,000 4,056,000 3,792,000
Total assets US$ in thousands 18,702,000 18,988,000 18,516,000 18,454,000 18,454,000
Debt-to-assets ratio 0.19 0.17 0.20 0.22 0.21

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,480,000K ÷ $18,702,000K
= 0.19

The debt-to-assets ratio of Westinghouse Air Brake Technologies Corp has shown a relatively stable trend over the past five years. Starting at 0.21 on December 31, 2020, it has slightly increased to 0.22 by December 31, 2021, before decreasing to 0.20 on December 31, 2022. Subsequently, the ratio further declined to 0.17 by December 31, 2023, indicating a reduction in the company's reliance on debt to finance its assets. However, by December 31, 2024, the ratio had increased to 0.19, suggesting a slight uptick in the proportion of debt relative to total assets. Overall, the company's debt-to-assets ratio appears manageable, indicating a prudent balance between debt and asset utilization throughout the period analyzed.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
Westinghouse Air Brake Technologies Corp
WAB
0.19
Greenbrier Companies Inc
GBX
0.00
Trinity Industries Inc
TRN
0.62