Greenbrier Companies Inc (GBX)
Debt-to-assets ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 906,600 | 867,500 | 492,319 | 498,858 |
| Total assets | US$ in thousands | 4,254,500 | 3,978,400 | 3,851,500 | 3,390,700 | 3,173,800 |
| Debt-to-assets ratio | 0.00 | 0.23 | 0.23 | 0.15 | 0.16 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,254,500K
= 0.00
The debt-to-assets ratio for Greenbrier Companies Inc has shown varying trends over the past five years. In 2024, the ratio significantly decreased to 0.00, indicating that the company had no debt relative to its total assets. This could signify a strong financial position with little reliance on external borrowing.
In comparison, the ratios in 2023 and 2022 were consistent at 0.23, suggesting that around 23% of Greenbrier's assets were financed through debt during those years. While this level of debt may be considered moderate, it indicates a balance between leverage and financial stability.
The ratios in 2021 and 2020 were lower at 0.15 and 0.16, respectively, indicating a lower proportion of debt relative to assets compared to the years with a ratio of 0.23. This suggests a more conservative approach to financing, with less reliance on borrowing to fund operations or investments.
Overall, the decreasing trend in the debt-to-assets ratio over the past five years indicates a potential strengthening of Greenbrier Companies Inc's financial position and reduced dependence on debt for asset financing. It's important to consider other factors in conjunction with this ratio to gain a comprehensive understanding of the company's financial health.
Peer comparison
Aug 31, 2024