Woodward Inc (WWD)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 569,751 | 562,618 | 649,039 | 653,029 | 645,709 | 651,443 | 652,119 | 649,093 | 709,760 | 716,744 | 728,247 | 729,826 | 734,122 | 739,062 | 736,095 | 745,464 | 736,849 | 729,165 | 869,223 | 729,176 |
| Total assets | US$ in thousands | 4,368,920 | 4,320,310 | 4,366,260 | 4,130,800 | 4,010,200 | 4,009,560 | 4,011,530 | 3,894,810 | 3,806,450 | 3,755,790 | 3,890,540 | 4,035,240 | 4,091,000 | 4,088,660 | 4,020,770 | 3,959,500 | 3,903,340 | 3,906,670 | 4,060,280 | 4,007,170 |
| Debt-to-assets ratio | 0.13 | 0.13 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.19 | 0.19 | 0.19 | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.19 | 0.21 | 0.18 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $569,751K ÷ $4,368,920K
= 0.13
The debt-to-assets ratio of Woodward Inc has been relatively stable over the past few years, ranging between 0.13 and 0.21. This ratio indicates the proportion of the company's assets financed by debt, with a lower ratio implying less reliance on debt financing.
In recent quarters, the ratio has shown a slight increasing trend, moving from 0.13 in September 2024 to 0.21 in March 2020, before settling back to 0.18 in September 2020 and maintaining a range of 0.18 to 0.19 since then.
This suggests that Woodward Inc has been maintaining a conservative approach towards debt financing, with a significant portion of its assets being funded through equity. The stability in the ratio indicates a relatively consistent capital structure, which may be viewed positively by investors and lenders as it implies lower financial risk.
Overall, the company's debt-to-assets ratio reflects a balanced mix of debt and equity in its capital structure, providing insight into its financial leverage and risk management practices.