Greenbrier Companies Inc (GBX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | 0.00 | 0.00 | 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 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.72 | 0.00 | 0.00 | 0.00 | 0.68 | 0.00 | 0.00 | 0.00 | 0.38 | 0.37 | 0.00 | 0.00 | 0.39 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.09 | 3.10 | 3.11 | 3.15 | 3.17 | 3.18 | 3.09 | 3.02 | 3.02 | 2.92 | 2.88 | 2.80 | 2.59 | 2.49 | 2.41 | 2.38 | 2.45 | 2.54 | 2.29 | 2.30 |
Greenbrier Companies Inc has maintained a consistently low debt-to-assets ratio over the periods analyzed, indicating a strong ability to finance its assets through equity rather than debt. The debt-to-capital and debt-to-equity ratios also show a similar trend of minimal to no debt compared to the company's capital and equity, respectively.
The financial leverage ratio has slightly fluctuated but generally remained above 2, indicating that the company relies more on debt financing compared to equity. Despite this, the ratios are at manageable levels and suggest that Greenbrier has a stable financial structure with a relatively low level of debt compared to its assets, capital, and equity.
Overall, the solvency ratios suggest that Greenbrier Companies Inc has a solid financial position with a conservative approach to debt management, which is favorable for long-term financial stability and sustainability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.41 | 2.90 | 2.68 | 2.79 | 2.09 | 2.16 | 1.95 | 1.59 | 2.08 | 1.87 | 2.17 | 1.18 | 0.91 | 0.44 | 1.49 | 2.85 | 3.94 | 5.64 | 5.01 | 4.92 |
The interest coverage ratio for Greenbrier Companies Inc has shown fluctuations over the past few quarters, indicating the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT).
From November 2019 to August 2020, the interest coverage ratio remained relatively high, ranging from 3.94 to 5.64, suggesting that Greenbrier had sufficient earnings to comfortably cover its interest obligations during this period.
However, from November 2020 to May 2021, there was a notable decline in the interest coverage ratio, dropping to as low as 0.44 in May 2021. This decrease may indicate that the company's ability to cover its interest expenses with its operating income weakened during this period.
From August 2021 to August 2024, the interest coverage ratio improved, fluctuating between 1.59 and 3.41. Although the ratio increased from the lows of 2021, it has not surpassed the levels seen in the period from November 2019 to August 2020.
Overall, Greenbrier's interest coverage appears to have improved in recent quarters but remains below the levels observed in the previous years, suggesting that the company may still have room for improvement in managing its interest expenses relative to its operating earnings.