Wabash National Corporation (WNC)

Debt-to-assets 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
Long-term debt	US$ in thousands	396,465	396,300	396,138	395,977	395,818	443,662	454,506	484,354	428,315	419,130	418,900	448,214	447,979	457,222	455,800	500,591	455,386	475,122	489,865	502,757
Total assets	US$ in thousands	1,362,810	1,389,340	1,385,040	1,309,150	1,203,520	1,269,320	1,290,300	1,266,860	1,107,070	1,171,340	1,180,500	1,226,350	1,161,470	1,196,080	1,142,260	1,225,410	1,304,590	1,378,600	1,374,830	1,408,630
Debt-to-assets ratio		0.29	0.29	0.29	0.30	0.33	0.35	0.35	0.38	0.39	0.36	0.35	0.37	0.39	0.38	0.40	0.41	0.35	0.34	0.36	0.36

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 for Wabash National Corp. has been relatively stable in recent quarters, ranging from 0.29 to 0.38 over the past eight quarters. A lower debt-to-assets ratio indicates that the company relies less on debt financing and has a higher proportion of assets financed by equity. This can be viewed positively by investors and creditors as lower debt levels imply lower financial risk.

The gradual decrease in the debt-to-assets ratio from 0.38 in Q1 2022 to 0.29 in Q4 2023 suggests that Wabash National Corp. has been successful in managing its debt levels and strengthening its financial position. It indicates that the company may be reducing its reliance on debt in favor of equity financing or improving its asset base.

Overall, the stable and decreasing trend in the debt-to-assets ratio for Wabash National Corp. suggests that the company is maintaining a prudent balance between debt and equity in its capital structure, which could enhance its financial stability and long-term sustainability.