Westinghouse Air Brake Technologies Corp (WAB)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,480,000 | 3,517,000 | 3,494,000 | 3,997,000 | 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 |
| Total assets | US$ in thousands | 18,702,000 | 18,644,000 | 18,876,000 | 18,747,000 | 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 |
| Debt-to-assets ratio | 0.19 | 0.19 | 0.19 | 0.21 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,480,000K ÷ $18,702,000K
= 0.19
Westinghouse Air Brake Technologies Corp's debt-to-assets ratio has shown some fluctuations over the periods analyzed. The ratio ranged from 0.17 to 0.25 during the timeframe provided. Generally, a lower debt-to-assets ratio indicates lower financial risk and a stronger financial position, as it suggests that the company relies less on debt to finance its operations and investments.
From March 31, 2020, to December 31, 2021, the debt-to-assets ratio remained relatively stable around 0.20 to 0.22, indicating a consistent balance between debt and assets. However, there was a slight increase in the ratio in the following periods, reaching 0.23 by March 31, 2022, before decreasing to 0.17 by March 31, 2024.
The decreasing trend in the debt-to-assets ratio from March 31, 2022, to March 31, 2024 suggests that the company may have been paying down its debt or increasing its asset base during this time. It is important for investors and stakeholders to monitor these fluctuations in the debt-to-assets ratio to assess the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2024