Wabash National Corporation (WNC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,411,530 | 1,455,340 | 1,339,310 | 1,378,530 | 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 |
| 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 |
| Financial leverage ratio | 7.48 | 7.26 | 2.43 | 2.52 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,411,530K ÷ $188,830K
= 7.48
The financial leverage ratio of Wabash National Corporation has shown fluctuations over the period indicated. The ratio stood at 3.11 as of March 31, 2020, decreased to 2.87 by December 31, 2020, then increased to 3.70 by March 31, 2022. The ratio continued to rise reaching its peak at 7.48 by December 31, 2024.
Overall, the trend suggests that the company's financial leverage has been increasing significantly in recent periods, indicating a higher reliance on debt to finance its operations and growth. This may potentially amplify the company's financial risk as higher leverage levels can lead to increased interest payments and higher vulnerability to economic downturns. It would be important for stakeholders to closely monitor the company's debt levels and ensure they are sustainable in the long run.