Greif Bros Corporation (GEF)
Debt-to-capital ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,082,400 | 1,947,900 | 1,761,300 | 1,514,300 | 1,152,200 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,082,400K)
= 0.00
The debt-to-capital ratio of Greif Bros Corporation has remained constant at 0.00 from October 31, 2020, to October 31, 2024. This indicates that the company has not utilized any debt to finance its operations or investments relative to its total capital. A lower debt-to-capital ratio usually signifies lower financial risk, as the company is less reliant on borrowed funds. However, it is important to consider other factors such as the cost of capital and growth prospects when evaluating the overall financial health and performance of the company.