Greenbrier Companies Inc (GBX)
Debt-to-assets ratio
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 906,600 | 867,500 | 492,319 | 498,858 | 521,544 |
| Total assets | US$ in thousands | 3,978,400 | 3,851,500 | 3,390,700 | 3,173,800 | 2,990,640 |
| Debt-to-assets ratio | 0.23 | 0.23 | 0.15 | 0.16 | 0.17 |
August 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $906,600K ÷ $3,978,400K
= 0.23
The debt-to-assets ratio for Greenbrier Cos., Inc. has shown some fluctuation over the past five years. In 2023, the ratio stood at 0.40, indicating that 40% of the company's assets were financed by debt. This represents a slight decrease from the previous year's ratio of 0.41.
Looking further back, the ratio was 0.35 in 2021 and 0.36 in 2020, showing a general stability in the mid-30% range. However, there was a notable increase from 0.28 in 2019 to 0.35 in 2021.
The trend suggests that the company has been relying more on debt to finance its assets in recent years, albeit with some minor fluctuations. It would be important to assess the company's overall financial health, cash flow position, and interest coverage in conjunction with this ratio to fully evaluate its leverage and financial risk.
Peer comparison
Aug 31, 2023