Westinghouse Air Brake Technologies Corp (WAB)

Solvency ratios

	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
Debt-to-assets ratio	0.19	0.19	0.19	0.21	0.17	0.17	0.18	0.17	0.20	0.21	0.22	0.23	0.22	0.22	0.22	0.21	0.21	0.21	0.20	0.25
Debt-to-capital ratio	0.26	0.26	0.25	0.28	0.24	0.24	0.25	0.24	0.27	0.28	0.29	0.30	0.28	0.29	0.28	0.28	0.27	0.28	0.28	0.32
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
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

Westinghouse Air Brake Technologies Corp's solvency ratios indicate its ability to meet its long-term obligations and financial stability.

The Debt-to-assets ratio has been relatively stable over the years, ranging between 0.17 and 0.25. This ratio shows that the company relies on debt for around 17% to 25% of its total assets, indicating a moderate level of financial risk.

The Debt-to-capital ratio has shown a decreasing trend, starting at 0.32 in March 2020 and declining to 0.26 by December 2024. This suggests that the company has been reducing its reliance on debt to finance its operations and investments.

The Debt-to-equity ratio reflects a similar declining trend, falling from 0.48 in March 2020 to 0.34 by December 2024. This indicates that the company's equity has been increasing relative to its debt, strengthening its financial position.

The Financial leverage ratio has exhibited some fluctuations but generally remained within the range of 1.79 to 1.92. This ratio indicates the company's level of financial risk and dependence on debt financing, with values above 1 indicating higher financial leverage.

In conclusion, Westinghouse Air Brake Technologies Corp has shown improvements in its solvency ratios over the years, with decreasing debt ratios and a more balanced capital structure, which could positively impact its long-term financial stability and ability to weather economic challenges.

Coverage ratios

	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
Interest coverage	8.00	7.80	7.20	6.46	5.81	5.63	5.43	5.49	5.44	5.81	5.75	5.36	4.96	4.22	4.09	3.73	3.75	3.88	3.50	4.80

Westinghouse Air Brake Technologies Corp's interest coverage ratio has shown a generally improving trend over the years based on the provided data. The interest coverage ratio is a measure of a company's ability to meet its interest payments on outstanding debt, with higher ratios indicating a stronger ability to cover interest expenses.

Beginning in March 2020 at 4.80, the interest coverage ratio experienced some fluctuations, reaching a low of 3.50 in June 2020. However, the ratio started to recover thereafter and steadily increased to 8.00 by December 2024.

Overall, the trend suggests that Westinghouse Air Brake Technologies Corp's ability to cover its interest payments improved over the period, indicating a more robust financial position and lower risk of default on its debt obligations. An upward trend in the interest coverage ratio is typically viewed positively by investors and creditors as it reflects the company's capacity to service its debt from operating income.