Westinghouse Air Brake Technologies Corp (WAB)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 18,702,000 | 18,988,000 | 18,516,000 | 18,454,000 | 18,454,000 |
| Total stockholders’ equity | US$ in thousands | 10,091,000 | 10,487,000 | 10,102,000 | 10,201,000 | 10,123,000 |
| Financial leverage ratio | 1.85 | 1.81 | 1.83 | 1.81 | 1.82 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $18,702,000K ÷ $10,091,000K
= 1.85
The financial leverage ratio of Westinghouse Air Brake Technologies Corp has been relatively stable over the last five years. It decreased slightly from 1.82 in December 2020 to 1.81 in December 2021, remained at 1.81 in December 2023, and then increased to 1.83 in December 2022 before further rising to 1.85 in December 2024. This indicates that the company's reliance on debt to finance its operations and growth has been fluctuating within a narrow range during this period. A financial leverage ratio above 1 suggests that the company has more debt than equity in its capital structure. Overall, the consistent but slight changes in the financial leverage ratio may imply a balanced approach to leveraging for Westinghouse Air Brake Technologies Corp.
Peer comparison
Dec 31, 2024