Zurn Elkay Water Solutions Corporation (ZWS)
Debt-to-assets ratio
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 1,263,500 |
| Total assets | US$ in thousands | 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 | 3,301,000 |
| Debt-to-assets ratio | 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 | 0.38 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $494,700K ÷ $2,704,800K
= 0.18
The debt-to-assets ratio of Zurn Elkay Water Solutions Corporation has exhibited fluctuations over the past few years. The ratio provides insight into the company's level of financial leverage and risk associated with its debt obligations.
From September 2022 to March 2023, the debt-to-assets ratio remained relatively stable around 0.19 to 0.20, indicating that the company was maintaining a healthy balance between debt and assets during that period. However, there was a notable increase in the ratio in June 2022 to March 2022, reaching 0.45 to 0.50, suggesting a higher level of debt in relation to assets which could pose a higher financial risk.
Subsequently, from December 2022 to March 2023, the ratio decreased to around 0.32 to 0.34, indicating a potential improvement in managing debt levels. However, there was another increase in the ratio from September 2023 to March 2024, ranging from 0.34 to 0.48, indicating a resurgence in higher debt relative to assets.
Overall, the trend in Zurn Elkay Water Solutions Corporation's debt-to-assets ratio has shown some variability, with periods of higher leverage followed by potential improvements in managing debt levels. It is important for the company to carefully monitor and manage its debt levels to maintain a healthy balance sheet and ensure long-term financial stability.
Peer comparison
Sep 30, 2024