Westinghouse Air Brake Technologies Corp (WAB)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 10,091,000 | 10,250,000 | 10,477,000 | 10,462,000 | 10,487,000 | 10,326,000 | 10,188,000 | 10,085,000 | 10,102,000 | 9,881,000 | 9,905,000 | 10,049,000 | 10,201,000 | 10,156,600 | 10,294,400 | 10,144,100 | 10,123,000 | 10,016,900 | 9,845,600 | 9,761,800 |
| Debt-to-capital ratio | 0.26 | 0.26 | 0.25 | 0.28 | 0.24 | 0.24 | 0.25 | 0.24 | 0.27 | 0.28 | 0.29 | 0.30 | 0.28 | 0.29 | 0.28 | 0.28 | 0.27 | 0.28 | 0.28 | 0.32 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,480,000K ÷ ($3,480,000K + $10,091,000K)
= 0.26
The debt-to-capital ratio of Westinghouse Air Brake Technologies Corp has shown a relatively stable trend over the past few years, ranging between 0.24 and 0.32. The ratio measures the proportion of the company's capital structure that is funded by debt, with lower values indicating lower reliance on debt financing.
During the period analyzed, the debt-to-capital ratio fluctuated within a narrow range, with a slight overall decrease from 0.32 on March 31, 2020, to 0.26 on December 31, 2024. This suggests that the company has been able to manage its debt levels effectively relative to its total capital base.
It is important to note that changes in the debt-to-capital ratio can be influenced by numerous factors, including changes in borrowing levels, repayment of debt, and fluctuations in the company's equity value. Overall, the consistent performance of Westinghouse Air Brake Technologies Corp in maintaining a moderate debt-to-capital ratio indicates a balanced approach to financing its operations.
Peer comparison
Dec 31, 2024