Westinghouse Air Brake Technologies (BSP:W1AB34) Debt-to-Equity : 0.38 (As of Mar. 2024)

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What is Westinghouse Air Brake Technologies Debt-to-Equity?

Westinghouse Air Brake Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$15 Mil. Westinghouse Air Brake Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$19,904 Mil. Westinghouse Air Brake Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R$52,099 Mil. Westinghouse Air Brake Technologies's debt to equity for the quarter that ended in Mar. 2024 was 0.38.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Westinghouse Air Brake Technologies's Debt-to-Equity or its related term are showing as below:

BSP:W1AB34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.43 Max: 1.35
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Westinghouse Air Brake Technologies was 1.35. The lowest was 0.21. And the median was 0.43.

BSP:W1AB34's Debt-to-Equity is ranked better than
59.66% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs BSP:W1AB34: 0.38

Westinghouse Air Brake Technologies Debt-to-Equity Historical Data

The historical data trend for Westinghouse Air Brake Technologies's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Westinghouse Air Brake Technologies Debt-to-Equity Chart

Westinghouse Air Brake Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

0.42

0.40

0.39

Westinghouse Air Brake Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.41	0.43	0.39	0.39	0.38

Competitive Comparison of Westinghouse Air Brake Technologies's Debt-to-Equity

For the Railroads subindustry, Westinghouse Air Brake Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Westinghouse Air Brake Technologies's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Westinghouse Air Brake Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Westinghouse Air Brake Technologies's Debt-to-Equity falls into.

Westinghouse Air Brake Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Westinghouse Air Brake Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3826.744	+	16110.542)	/	51384.203
	=	0.39

Westinghouse Air Brake Technologies's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(14.939	+	19904.261)	/	52098.668
	=	0.38

Westinghouse Air Brake Technologies (BSP:W1AB34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Westinghouse Air Brake Technologies Debt-to-Equity Related Terms

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Westinghouse Air Brake Technologies (BSP:W1AB34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westinghouse Air Brake Technologies Corp (BSP:W1AB34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WAB:USA WAB:Mexico WB2:Germany

Address

30 Isabella Street, Pittsburgh, PA, USA, 15212

Website

https://www.wabteccorp.com

Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the rail industry. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment.

Westinghouse Air Brake Technologies (BSP:W1AB34) Headlines

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