Greenbrier Companies Inc (GBX)
Debt-to-assets ratio
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 906,600 | — | — | — | 867,500 | — | — | — | 492,319 | 481,396 | — | — | 498,858 | — | — | — | 521,544 | — |
| Total assets | US$ in thousands | 4,043,600 | 4,014,700 | 3,978,400 | 3,921,700 | 3,952,500 | 3,817,100 | 3,851,500 | 3,706,100 | 3,612,700 | 3,470,000 | 3,390,700 | 3,210,170 | 3,059,360 | 3,046,080 | 3,173,800 | 3,279,030 | 2,947,660 | 2,948,780 | 2,990,640 | 2,513,190 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.23 | 0.00 | 0.00 | 0.00 | 0.23 | 0.00 | 0.00 | 0.00 | 0.15 | 0.15 | 0.00 | 0.00 | 0.16 | 0.00 | 0.00 | 0.00 | 0.17 | 0.00 |
February 29, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,043,600K
= 0.00
The debt-to-assets ratio for Greenbrier Companies Inc has shown fluctuations over the periods indicated in the table. It remained at 0.00 for several periods, indicating that the company had no debt relative to its assets during those times. However, there were periods where the ratio increased to 0.23, 0.15, 0.16, and 0.17, suggesting that the company had incurred debt relative to its total assets during those specific periods.
It is important to note that a higher debt-to-assets ratio generally indicates higher financial risk as it signifies that a company has more debt relative to its assets. Therefore, an upward trend in this ratio could signal increased leverage and financial vulnerability, while a lower or stable ratio implies a healthier financial position with less reliance on debt for financing.
Overall, Greenbrier Companies Inc's debt-to-assets ratio fluctuated over the periods in the table, with some periods indicating higher debt levels relative to assets and others showing no debt. This ratio should be monitored closely as part of analyzing the company's financial health and risk management strategies.
Peer comparison
Feb 29, 2024