Westinghouse Air Brake Technologies Corp (WAB)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,288,000 | 3,288,000 | 3,401,000 | 3,189,000 | 3,751,000 | 3,824,000 | 3,987,000 | 4,225,000 | 4,056,000 | 4,067,200 | 4,079,600 | 3,923,300 | 3,792,000 | 3,799,900 | 3,768,700 | 4,655,100 | 4,333,600 | — | — | — |
| Total assets | US$ in thousands | 18,988,000 | 18,800,000 | 18,985,000 | 18,669,000 | 18,516,000 | 18,262,000 | 18,333,000 | 18,438,000 | 18,454,000 | 18,351,900 | 18,512,400 | 18,543,200 | 18,454,000 | 18,444,400 | 18,465,400 | 18,773,100 | 18,944,200 | 18,900,900 | 18,942,600 | 19,077,900 |
| Debt-to-assets ratio | 0.17 | 0.17 | 0.18 | 0.17 | 0.20 | 0.21 | 0.22 | 0.23 | 0.22 | 0.22 | 0.22 | 0.21 | 0.21 | 0.21 | 0.20 | 0.25 | 0.23 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,288,000K ÷ $18,988,000K
= 0.17
The debt-to-assets ratio of Westinghouse Air Brake Technologies Corp has been relatively stable over the past eight quarters, ranging from 0.21 to 0.23. This indicates that the company's level of debt in relation to its total assets has been consistent, with a higher proportion of assets financed through debt rather than equity. The slight fluctuations in the ratio suggest that the company has maintained a moderate level of leverage, which is common in capital-intensive industries. Overall, the trend suggests that Westinghouse Air Brake Technologies Corp has been managing its debt levels effectively while utilizing debt as a strategic component of its capital structure.
Peer comparison
Dec 31, 2023