Greenbrier Companies Inc (GBX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,299,900 | 1,274,000 | 1,254,600 | 1,232,700 | 1,277,300 | 1,265,800 | 1,276,900 | 1,270,400 | 1,252,600 | 1,237,300 | 1,307,700 | 1,286,760 | 1,268,500 | 1,280,410 | 1,293,040 | 1,291,220 | 1,286,470 | 1,281,810 | 1,276,730 | 1,262,320 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.42 | 0.00 | 0.00 | 0.00 | 0.40 | 0.00 | 0.00 | 0.00 | 0.27 | 0.27 | 0.00 | 0.00 | 0.28 | 0.00 | 0.00 | 0.00 | 0.29 | 0.00 |
February 29, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,299,900K)
= 0.00
The debt-to-capital ratio of Greenbrier Companies Inc has shown fluctuations over the past few quarters. As of February 29, 2024, the company reported a debt-to-capital ratio of 0.00, indicating no debt relative to its capital structure. This is a significant decrease from the previous quarter where the ratio was at 0.42.
Looking at historical data, the company has consistently maintained low levels of debt relative to its capital structure, with occasional spikes such as in August 31, 2023, and May 31, 2023, where the ratios were 0.40 and 0.27 respectively. This suggests that Greenbrier Companies Inc has a conservative approach towards leveraging, opting for minimal debt obligations compared to its equity base.
Overall, the trend in the debt-to-capital ratio of Greenbrier Companies Inc indicates a prudent financial strategy focused on maintaining a healthy balance between debt and equity in its capital structure. The company's ability to manage its debt levels effectively may positively impact its financial stability and long-term growth prospects.
Peer comparison
Feb 29, 2024