BorgWarner Inc. (BWA) Balance Sheet

According to the provided quarterly balance sheets, BorgWarner has maintained a relatively stable total asset base of approximately $13.7 billion to $14.5 billion, suggesting that the company is successfully managing its portfolio transition without significant erosion of its underlying asset base despite ongoing industry-wide cyclical pressures.

As reported in financial statements, BorgWarner maintains a disciplined debt-to-equity ratio of 0.72 as of 2026Q1, which appears to provide the company with a meaningful buffer against the inherent volatility of the automotive supply chain and the capital-intensive nature of its electrification R&D initiatives.

Based on the reported figures, the current ratio has improved from 1.65 in 2023Q4 to 2.13 in 2026Q1, indicating that the company has significantly strengthened its short-term liquidity position to better navigate the unpredictable cash flow requirements associated with its ongoing business model transformation.

As indicated by the balance sheet data, goodwill has declined from $3.0 billion in 2024Q3 to $2.0 billion in 2026Q1, which may suggest either the successful integration of past acquisitions or, alternatively, the recognition of impairment charges as the company re-evaluates its long-term strategic asset value.