Westinghouse Air Brake Technologies Corp (WAB)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 18,988,000 | 18,800,000 | 18,985,000 | 18,669,000 | 18,516,000 | 18,262,000 | 18,333,000 | 18,438,000 | 18,454,000 | 18,351,900 | 18,512,400 | 18,543,200 | 18,454,000 | 18,444,400 | 18,465,400 | 18,773,100 | 18,944,200 | 18,900,900 | 18,942,600 | 19,077,900 |
| 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 |
| Financial leverage ratio | 1.81 | 1.82 | 1.86 | 1.85 | 1.83 | 1.85 | 1.85 | 1.83 | 1.81 | 1.81 | 1.80 | 1.83 | 1.82 | 1.84 | 1.88 | 1.92 | 1.90 | 1.95 | 1.93 | 1.97 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $18,988,000K ÷ $10,487,000K
= 1.81
The financial leverage ratio of Westinghouse Air Brake Technologies Corp has been relatively stable over the past eight quarters, ranging between 1.81 and 1.86. This indicates that the company has been utilizing leverage within the range consistently. A financial leverage ratio above 1 suggests that the company relies on debt to finance its operations and investments, which can amplify returns but also increase financial risk. Westinghouse Air Brake Technologies Corp's ratios suggest a moderate level of leverage, which may be manageable depending on the company's overall financial health and ability to service its debt obligations. It would be important for stakeholders to closely monitor any fluctuations in this ratio to assess the company's changing financial risk profile.
Peer comparison
Dec 31, 2023