Westinghouse Air Brake Technologies Corp (WAB)
Debt-to-equity 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-equity ratio | 0.34 | 0.34 | 0.33 | 0.38 | 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 |
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 fluctuations over the periods presented. Starting at 0.48 on March 31, 2020, the ratio decreased to 0.37 by December 31, 2020, indicating a reduction in the company's reliance on debt compared to equity. The ratio then experienced some upward movements, reaching a peak of 0.42 on March 31, 2022, before gradually decreasing to 0.31 by December 31, 2023.
The trend reversed slightly, showing an increase to 0.38 on March 31, 2024. Overall, the company's debt-to-equity ratio has displayed variability but has generally remained within a relatively moderate range, suggesting a balanced mix of debt and equity in its capital structure. However, it is important to closely monitor future changes in this ratio as it can signify shifts in the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2024