Zurn Elkay Water Solutions Corporation (ZWS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,586,800 | 1,586,500 | 1,613,900 | 1,602,800 | 1,611,600 | 1,588,600 | 1,599,500 | 1,615,000 | 1,618,600 | 229,400 | 193,700 | 126,400 | 1,642,500 | 1,584,300 | 1,489,800 | 1,395,500 | 1,350,800 | 1,311,000 | 1,365,600 | 1,318,700 |
| Debt-to-capital ratio | 0.24 | 0.24 | 0.23 | 0.24 | 0.25 | 0.26 | 0.26 | 0.25 | 0.25 | 0.70 | 0.73 | 0.81 | 0.42 | 0.43 | 0.44 | 0.46 | 0.46 | 0.52 | 0.46 | 0.49 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $494,800K ÷ ($494,800K + $1,586,800K)
= 0.24
The debt-to-capital ratio of Zurn Elkay Water Solutions Corporation has shown variability over the reporting periods. From September 30, 2019, to December 31, 2019, the ratio decreased from 0.49 to 0.46. It then increased to 0.52 by March 31, 2020, before declining again to 0.46 by June 30, 2020.
Throughout the following quarters until December 31, 2021, the ratio remained relatively stable within the range of 0.42 to 0.81. However, a significant spike was observed at the end of 2021, reflecting a substantial increase in debt relative to capital.
From March 31, 2022, the debt-to-capital ratio began to decrease steadily, reaching 0.23 by March 31, 2024, with minor fluctuations in between. This downward trend implies either a reduction in debt levels or an increase in the capital base during this period.
Overall, the decreasing trend in the debt-to-capital ratio from 0.49 in September 2019 to 0.24 by December 31, 2024, suggests a positive shift towards a stronger financial position characterized by a lower reliance on debt financing relative to the capital structure of Zurn Elkay Water Solutions Corporation.
Peer comparison
Dec 31, 2024