Greenbrier Companies Inc (GBX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,376,100 | 1,254,600 | 1,276,900 | 1,307,700 | 1,293,040 |
| Debt-to-capital ratio | 0.00 | 0.42 | 0.40 | 0.27 | 0.28 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,376,100K)
= 0.00
The debt-to-capital ratio of Greenbrier Companies Inc has exhibited fluctuations over the past five years. In 2024, the company reported a debt-to-capital ratio of 0.00, indicating that the company had no debt in relation to its capital structure. This is a significant improvement from the previous year, where the ratio stood at 0.42 in 2023.
The downward trend in the debt-to-capital ratio from 2023 to 2024 suggests that Greenbrier Companies Inc has reduced its reliance on debt financing relative to its overall capital, which may be seen as a positive sign of the company's improved financial health and lower financial risk.
Comparing to the ratios in 2022, 2021, and 2020, which were 0.40, 0.27, and 0.28 respectively, it is evident that the company's debt-to-capital ratio has been relatively stable over the previous years, with slight fluctuations noted. This may indicate a consistent approach to managing the company's capital structure and debt levels.
Overall, the decline in the debt-to-capital ratio in 2024 reflects Greenbrier Companies Inc's efforts to maintain a balanced capital structure by reducing its debt levels relative to its total capital, potentially enhancing its financial stability and resilience.
Peer comparison
Aug 31, 2024