Greenbrier Companies Inc (GBX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Debt-to-equity ratio | 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 | 0.41 | 0.00 |
| Financial leverage ratio | 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 | 2.34 | 1.99 |
Greenbrier Companies Inc's solvency ratios, based on the data provided, have exhibited variations over the respective periods. The debt-to-assets ratio, reflecting the proportion of the company's assets financed by debt, has shown fluctuations, with a peak of 0.23 in August 2023. However, in the recent period, the ratio has decreased to negligible levels.
The debt-to-capital ratio, indicating the extent of a company's capital that is financed through debt, has also shown variability. It peaked at 0.42 in August 2023 but has declined to minimal levels in recent periods, suggesting lower reliance on debt for capital structure.
Furthermore, the debt-to-equity ratio, which demonstrates the level of financial leverage used by the company, has displayed fluctuations, reaching its highest point of 0.72 in August 2023. Subsequently, the ratio has decreased notably, indicating a lower debt-to-equity mix in recent periods.
Lastly, the financial leverage ratio, representing the company's overall debt level concerning its equity, has shown some movement over time. The ratio peaked at 3.18 in May 2023 and has fluctuated since then. It is essential to note that the leverage ratio indicates a decreasing trend, reaching 2.34 in May 2019, and has been relatively stable in recent periods.
Overall, Greenbrier Companies Inc's solvency ratios reflect fluctuations in debt levels and capital structure over the analyzed periods, with recent trends indicating reduced reliance on debt financing and improved solvency position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 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 | 5.20 | 4.93 |
The interest coverage ratio for Greenbrier Companies Inc has ranged from 0.44 to 5.64 over the past few quarters. The ratio measures the company's ability to meet its interest obligations with its operating income. A higher ratio indicates a stronger ability to cover interest expenses with earnings.
Looking at the trend, the interest coverage ratio has shown fluctuations over time. In the most recent periods, the ratio has been above 2, indicating the company's ability to comfortably cover its interest payments. However, in earlier periods, the ratio was below 1, suggesting a lower ability to cover interest expenses with operating income.
The significant improvement in the interest coverage ratio in recent periods compared to the earlier periods could indicate a more favorable financial position for Greenbrier Companies Inc. It is essential for investors and creditors to monitor this ratio over time to assess the company's financial health and ability to meet its debt obligations.