Westinghouse Air Brake Technologies Corp (WAB)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 9,956,500 | 9,696,400 | 9,801,760 | 9,687,850 |
| Debt-to-equity ratio | 0.31 | 0.32 | 0.33 | 0.32 | 0.37 | 0.39 | 0.40 | 0.42 | 0.40 | 0.40 | 0.40 | 0.39 | 0.37 | 0.38 | 0.38 | 0.48 | 0.44 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,288,000K ÷ $10,487,000K
= 0.31
The debt-to-equity ratio of Westinghouse Air Brake Technologies Corp has remained relatively stable over the past eight quarters, ranging from 0.39 to 0.43. This indicates that the company has been maintaining a moderate level of leverage in its capital structure during this period. A ratio below 1 suggests that the company relies more on equity financing rather than debt to fund its operations and growth initiatives. Despite some minor fluctuations, the consistent range within 0.39 to 0.43 indicates a prudent approach to managing the balance between debt and equity within the company's financial obligations.
Peer comparison
Dec 31, 2023