Greif Bros Corporation (GEF)
Debt-to-equity ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,185,300 | 2,121,400 | 2,081,400 | 2,206,100 | 2,143,900 | 1,839,300 | 1,986,100 | 1,991,300 | 2,139,100 | 2,054,800 | 2,089,700 | 2,154,600 | 2,359,600 | 2,335,500 | 2,535,300 | 2,595,100 | 2,719,000 | 2,659,000 | 2,786,000 | 2,851,800 |
| Total stockholders’ equity | US$ in thousands | 1,992,500 | 1,947,900 | 1,948,300 | 1,879,800 | 1,845,400 | 1,761,300 | 1,701,100 | 1,686,400 | 1,493,300 | 1,514,300 | 1,448,900 | 1,374,200 | 1,205,300 | 1,152,200 | 1,141,300 | 1,083,200 | 1,163,800 | 1,133,100 | 1,120,600 | 1,086,600 |
| Debt-to-equity ratio | 1.10 | 1.09 | 1.07 | 1.17 | 1.16 | 1.04 | 1.17 | 1.18 | 1.43 | 1.36 | 1.44 | 1.57 | 1.96 | 2.03 | 2.22 | 2.40 | 2.34 | 2.35 | 2.49 | 2.62 |
January 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,185,300K ÷ $1,992,500K
= 1.10
The debt-to-equity ratio of Greif Inc has fluctuated over the past eight quarters, ranging from 1.09 to 1.25. In Q1 2024, the ratio stood at 1.17, which indicates that the company has $1.17 in debt for every $1 in equity.
The trend shows a slight increase in the ratio from Q3 2022 to Q2 2023, peaking at 1.25 in Q2 2022. This implies that the company has been relying more on debt financing compared to equity during this period.
However, the ratio decreased in Q4 2022 and Q1 2023, suggesting a reduction in the level of debt relative to equity. The ratio then increased again in Q2 2023, reaching 1.24, before declining in Q3 2023 and Q4 2023.
Overall, the varying debt-to-equity ratios indicate that Greif Inc has been strategically managing its debt and equity levels over the past eight quarters, potentially adjusting its capital structure based on changing financial conditions or business needs. Investors and stakeholders may monitor these fluctuations to assess the company's leverage and financial risk.