Greenbrier Companies Inc (GBX)
Debt-to-assets ratio
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 906,600 | — | — | — | 867,500 | — | — | — | 492,319 | 481,396 | — | — | 498,858 | — | — | — |
| Total assets | US$ in thousands | 4,254,500 | 4,115,800 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 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 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,254,500K
= 0.00
The debt-to-assets ratio of Greenbrier Companies Inc has shown varying trends over the past few quarters. In general, a lower debt-to-assets ratio indicates that the company relies less on debt financing to fund its operations and investments.
From November 2019 to August 2020, the ratio was consistently at 0.00, suggesting that the company had no debt relative to its assets during that period. However, starting from November 2020, the ratio started to increase slightly, reaching 0.15 in February 2021 and May 2021.
There was a notable increase in the debt-to-assets ratio to 0.23 in August 2023, indicating that the company took on more debt relative to its assets during that period. This trend reversed in February 2024, where the ratio dropped back to 0.00.
Overall, it is important to monitor the debt-to-assets ratio of Greenbrier Companies Inc over time to assess the company's financial leverage and risk profile.
Peer comparison
Aug 31, 2024