Wabash National Corporation (WNC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 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 | 520,988 | 515,058 | 501,565 | 483,606 |
| Financial leverage ratio | 2.48 | 2.68 | 2.88 | 3.08 | 3.03 | 3.52 | 3.82 | 3.70 | 3.40 | 3.03 | 2.95 | 3.05 | 2.87 | 3.01 | 2.90 | 3.11 | 2.50 | 2.68 | 2.74 | 2.91 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,362,810K ÷ $549,496K
= 2.48
The financial leverage ratio of Wabash National Corp. has shown a decreasing trend from Q1 2022 to Q4 2023, indicating a reduction in the company's reliance on debt financing compared to its equity. The ratio decreased from 3.70 in Q1 2022 to 2.48 in Q4 2023. This decline suggests that the company has been gradually reducing its debt levels relative to its equity over the past eight quarters. While a lower financial leverage ratio generally indicates a stronger financial position and lower risk of financial distress, it is essential to consider the specific circumstances and industry benchmarks to fully assess the company's financial leverage.