Zurn Elkay Water Solutions Corporation (ZWS)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 494,800 | 494,700 | 494,500 | 494,400 | 547,900 | 549,100 | 550,300 | 530,200 | 531,300 | 531,900 | 532,900 | 533,900 | 1,189,300 | 1,189,500 | 1,189,300 | 1,192,600 | 1,148,000 | 1,397,000 | 1,147,200 | 1,249,300 |
| Total assets | US$ in thousands | 2,648,500 | 2,704,800 | 2,664,200 | 2,667,000 | 2,812,900 | 2,802,000 | 2,810,000 | 2,864,000 | 2,927,000 | 1,176,300 | 1,118,600 | 1,077,700 | 3,689,100 | 3,602,300 | 3,487,300 | 3,405,400 | 3,367,200 | 3,627,100 | 3,261,600 | 3,311,000 |
| Debt-to-assets ratio | 0.19 | 0.18 | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.19 | 0.18 | 0.45 | 0.48 | 0.50 | 0.32 | 0.33 | 0.34 | 0.35 | 0.34 | 0.39 | 0.35 | 0.38 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $494,800K ÷ $2,648,500K
= 0.19
The debt-to-assets ratio of Zurn Elkay Water Solutions Corporation has shown fluctuations over the past few years. The ratio decreased from 0.38 in September 2019 to 0.32 in September 2021, indicating a decreasing reliance on debt to finance its assets during this period. However, there was a significant spike in the ratio to 0.50 by December 2021, which suggests a substantial increase in the company's debt relative to its total assets. This increase could indicate a shift in the company's financing strategy or a significant investment in assets.
Subsequently, the ratio decreased to 0.19 by December 2024. This decline may suggest a reduction in the company's debt burden relative to its asset base, potentially resulting from debt repayments or improved asset management efficiency. Overall, the trend of the debt-to-assets ratio for Zurn Elkay Water Solutions Corporation indicates fluctuations in its leverage position and financial risk over the analyzed period. Stakeholders and investors should continue to monitor this ratio to assess the company's financial health and sustainability.
Peer comparison
Dec 31, 2024