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