Greif Bros Corporation (GEF)
Solvency ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.23 | 3.20 | 3.32 | 3.40 | 3.00 | 3.06 | 3.01 | 3.14 | 3.08 | 3.10 | 3.31 | 3.33 | 3.86 | 3.84 | 3.95 | 4.07 | 4.62 | 4.78 | 4.90 | 5.10 |
Greif Bros Corporation has consistently maintained a strong solvency position based on the solvency ratios analyzed. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at 0.00 over the past few years, indicating that the company has no debt relative to its assets, capital, and equity.
Additionally, the financial leverage ratio has shown a decreasing trend over the years, starting at 5.10 in April 2020 and gradually declining to 3.23 by January 2025. This indicates an improving financial leverage position, as the company has been reducing its reliance on debt financing over time.
Overall, Greif Bros Corporation's solvency ratios suggest a conservative financial structure with minimal debt levels and a decreasing reliance on debt, which can provide stability and flexibility in managing its financial obligations and pursuing growth opportunities.
Coverage ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.08 | 3.35 | 3.59 | 3.97 | 5.04 | 6.18 | 7.20 | 8.84 | 10.06 | 9.61 | 9.44 | 7.78 | 6.87 | 6.18 | 5.17 | 3.84 | 2.59 | 2.62 | 2.66 | 3.08 |
The interest coverage ratio for Greif Bros Corporation has exhibited a fluctuating trend over the past few years. The ratio started at 3.08 on April 30, 2020, indicating that the company was generating just enough operating income to cover its interest expenses.
Subsequently, the interest coverage ratio decreased to 2.66 by July 31, 2020, and further declined to 2.62 by October 31, 2020. These lower values suggest that Greif Bros Corporation may have been facing increased challenges in meeting its interest obligations from its operating earnings during this period.
However, there was a notable improvement in the interest coverage ratio from April 30, 2021, onwards. The ratio increased to 3.84 by April 30, 2021, and demonstrated a consistent upward trend, reaching a peak of 10.06 by January 31, 2023.
Following this peak, the interest coverage ratio experienced a downward trend, declining to 3.08 by January 31, 2025. This decreasing trend may raise concerns about the company's ability to cover its interest expenses comfortably with its operating earnings.
Overall, while Greif Bros Corporation has shown fluctuations in its interest coverage ratio over the years, it is essential for the company to maintain a comfortable level of coverage to ensure financial stability and meet its debt obligations effectively.