Greif Bros Corporation (GEF)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,082,400K
= 0.00
Based on the data provided, Greif Bros Corporation has consistently maintained a debt-to-equity ratio of 0.00 from October 31, 2020, to October 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or negligible debt in relation to its equity. This could suggest that the company is relying more on equity financing rather than debt financing to fund its operations and investments. A low or zero debt-to-equity ratio generally indicates a lower financial risk for the company, as it implies lower leverage and less dependence on borrowed funds. This stable ratio over the years may reflect Greif Bros Corporation's conservative financial approach, which may be viewed positively by investors and creditors. However, it is important to consider other financial metrics and factors to gain a comprehensive understanding of the company's financial health and performance.