Westinghouse Air Brake Technologies Corp (WAB)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 10,091,000 | 10,487,000 | 10,102,000 | 10,201,000 | 10,123,000 |
| Debt-to-equity ratio | 0.34 | 0.31 | 0.37 | 0.40 | 0.37 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,480,000K ÷ $10,091,000K
= 0.34
The debt-to-equity ratio of Westinghouse Air Brake Technologies Corp has shown a fluctuating trend over the five-year period from December 31, 2020, to December 31, 2024. The ratio was 0.37 in 2020 and 2022, increased to 0.40 in 2021, and then decreased to 0.31 in 2023 before slightly rising to 0.34 in 2024.
Overall, the trend indicates that the company has been moderately leveraging its operations with debt relative to equity during the period under review. While the ratio dipped in 2023, suggesting a decrease in reliance on debt financing, it rebounded in 2024, albeit remaining at a relatively moderate level.
It is important for stakeholders to continue monitoring this ratio to assess the company's financial health and risk management, as changes in the debt-to-equity ratio can impact the firm's liquidity, solvency, and overall financial stability.
Peer comparison
Dec 31, 2024