Westinghouse Air Brake Technologies Corp (WAB)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 18,702,000 | 18,644,000 | 18,876,000 | 18,747,000 | 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 |
| 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 |
| Financial leverage ratio | 1.85 | 1.82 | 1.80 | 1.79 | 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 |
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 past few years. The ratio decreased from 1.92 as of March 31, 2020, to 1.80 as of June 30, 2021, indicating a potential reduction in the company's reliance on debt to finance its operations. However, the ratio slightly increased to 1.85 as of June 30, 2024.
A financial leverage ratio of around 1.85 suggests that the company is utilizing a moderate level of financial leverage, meaning that a significant portion of its assets is funded by debt. It is essential for investors and stakeholders to monitor changes in this ratio as it can indicate the company's ability to meet its financial obligations and the potential risks associated with its debt levels.
Peer comparison
Dec 31, 2024