Wabash National Corporation (WNC)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 188,830 | 200,520 | 550,425 | 546,086 | 549,496 | 518,687 | 481,024 | 424,443 | 397,613 | 360,102 | 338,171 | 342,253 | 325,539 | 386,194 | 399,980 | 402,302 | 404,879 | 397,365 | 393,217 | 393,969 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $188,830K)
= 0.00
The debt-to-capital ratio of Wabash National Corporation has consistently been 0.00 for the periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt in its capital structure during those periods. A debt-to-capital ratio of 0.00 means that the company's total debt is non-existent or negligible in relation to its total capital, which comprises both debt and equity.
A low or zero debt-to-capital ratio can be viewed positively by investors and creditors as it suggests lower financial risk and less dependence on debt financing. However, it is important to note that while a lower debt level may indicate financial stability and reduced interest expense, it could also mean missed opportunities for leveraging debt for growth or tax benefits.
Overall, the consistent 0.00 debt-to-capital ratio of Wabash National Corporation over the analyzed period reflects a conservative approach to capital structure management and a focus on maintaining a strong financial position with minimal debt obligations.