Greif Bros Corporation (GEF)
Debt-to-assets ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,646,400 | 5,960,800 | 5,460,300 | 5,815,800 | 5,510,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,646,400K
= 0.00
The debt-to-assets ratio of Greif Bros Corporation has consistently remained at 0.00 from October 31, 2020, to October 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt on its balance sheet in relation to its total assets during this period. This suggests that the company's operations have been financed entirely by equity rather than debt. A low or zero debt-to-assets ratio can be seen as a positive indicator of financial health and stability, as it signifies a lower risk of financial distress due to debt obligations. Greif Bros Corporation's consistent 0.00 debt-to-assets ratio over the years indicates that the company has been managing its leverage effectively and maintaining a strong financial position with minimal reliance on external borrowing.