Wabash National Corporation (WNC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 396,465 | 395,818 | 428,315 | 447,979 | 455,386 |
| Total assets | US$ in thousands | 1,362,810 | 1,203,520 | 1,107,070 | 1,161,470 | 1,304,590 |
| Debt-to-assets ratio | 0.29 | 0.33 | 0.39 | 0.39 | 0.35 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $396,465K ÷ $1,362,810K
= 0.29
The debt-to-assets ratio of Wabash National Corp. has shown a decreasing trend over the past five years, declining from 0.35 in 2019 to 0.29 in 2023. This indicates that the company's level of debt relative to its total assets has been improving over time. A lower debt-to-assets ratio signifies that the company relies less on debt financing to fund its operations and investments, which can be viewed positively by investors and creditors as it implies lower financial risk and greater financial stability. Wabash National Corp.'s decreasing debt-to-assets ratio suggests that the company has been effectively managing its debt levels and maintaining a stronger financial position.