Woodward Inc (WWD)
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 | 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 | 3,956,530 | 4,015,600 | 3,965,950 |
| Total stockholders’ equity | US$ in thousands | 2,190,060 | 2,070,990 | 2,085,790 | 2,012,050 | 1,939,440 | 1,901,120 | 1,909,610 | 2,051,880 | 2,223,430 | 2,214,780 | 2,201,690 | 2,133,300 | 2,063,460 | 1,992,680 | 1,909,770 | 1,907,690 | 1,798,600 | 1,726,740 | 1,704,310 | 1,702,660 |
| Financial leverage ratio | 1.89 | 1.94 | 1.92 | 1.99 | 2.01 | 2.00 | 1.97 | 1.90 | 1.81 | 1.85 | 1.86 | 1.88 | 1.92 | 1.96 | 2.05 | 2.13 | 2.23 | 2.29 | 2.36 | 2.33 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,130,800K ÷ $2,190,060K
= 1.89
Woodward Inc's financial leverage ratio has been relatively stable over the past eight quarters, ranging from 1.89 to 2.01. The ratio peaked at 2.01 in Q1 2023 and reached its lowest point at 1.89 in Q1 2024. This indicates that the company has been utilizing a moderate level of debt to finance its operations and investments. Overall, the trend in the financial leverage ratio suggests that Woodward Inc has been maintaining a consistent capital structure over the analyzed period. However, it would be important to further analyze the company's debt levels and financial health to fully assess the implications of its leverage ratio.