Wabash National Corporation (WNC)

Solvency ratios

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
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
Debt-to-capital ratio 0.42 0.43 0.45 0.48 0.50 0.55 0.57 0.59 0.57 0.52 0.51 0.53 0.53 0.54 0.54 0.56 0.47 0.48 0.49 0.51
Debt-to-equity ratio 0.72 0.76 0.82 0.93 1.00 1.23 1.34 1.42 1.32 1.09 1.05 1.11 1.11 1.15 1.16 1.27 0.87 0.92 0.98 1.04
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

Wabash National Corp.'s solvency ratios provide insights into its financial leverage and ability to meet its long-term obligations. The debt-to-assets ratio has remained relatively stable at around 0.29 to 0.30 throughout the past few quarters, indicating that the company's total debt is around 29% to 30% of its total assets.

The debt-to-capital ratio has shown a decreasing trend from 0.50 in Q4 2022 to 0.42 in Q4 2023, suggesting that the proportion of the company's capital financed through debt has decreased. This could indicate improved financial stability.

The debt-to-equity ratio has been gradually decreasing, from 1.42 in Q1 2022 to 0.72 in Q4 2023. This downward trend signifies that the company's reliance on debt to finance its operations has decreased, and it now has a stronger equity base to support its business activities.

The financial leverage ratio has also depicted a decreasing trend, from 3.70 in Q1 2022 to 2.48 in Q4 2023. A declining financial leverage ratio signifies that the company has reduced its reliance on debt to fund its operations and has improved its financial flexibility.

Overall, the solvency ratios of Wabash National Corp. demonstrate a positive trend towards reduced debt reliance, improved financial stability, and enhanced ability to meet its long-term financial obligations.

Coverage ratios

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
Interest coverage 15.81 15.45 13.97 10.51 8.11 3.93 2.20 1.52 1.06 2.56 2.15 1.50 -3.51 -2.60 -1.27 0.38 5.31 4.92 4.06 4.09

Interest coverage measures a company's ability to pay its interest expenses from its earnings before interest and taxes (EBIT). A higher interest coverage ratio indicates a stronger ability to meet interest payments.

For Wabash National Corp., the interest coverage ratio has shown an improving trend over the past eight quarters. In Q4 2023, the interest coverage ratio stood at 15.68, indicating that the company's EBIT was 15.68 times its interest expenses for that quarter. This suggests a strong ability to cover interest payments, providing a buffer against potential financial difficulties.

The consistent increase in the interest coverage ratio from Q1 2022 to Q4 2023 reflects improving operational efficiency and financial performance. The company's ability to generate sufficient earnings to cover its interest expenses has been on an upward trajectory, indicating a healthier financial position.

Furthermore, the substantial increase in the interest coverage ratio from Q1 2022 to Q4 2023 highlights Wabash National Corp.'s growing capacity to manage its debt obligations effectively. The company's ability to service its debt obligations has significantly strengthened, implying reduced financial risk and enhanced stability.

Overall, the improving trend in Wabash National Corp.'s interest coverage ratio signifies a positive financial outlook, showcasing the company's ability to manage its debt obligations efficiently and sustainably.