Constellation Brands Inc Class A (STZ)

Debt-to-equity ratio

		Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Long-term debt	US$ in thousands	10,681,100	11,286,500	9,488,200	10,413,100	11,210,800
Total stockholders’ equity	US$ in thousands	9,743,100	8,413,600	11,731,900	13,598,900	12,131,800
Debt-to-equity ratio		1.10	1.34	0.81	0.77	0.92

February 29, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $10,681,100K ÷ $9,743,100K
= 1.10

Constellation Brands Inc Class A's debt-to-equity ratio has fluctuated over the past five years, indicating changes in the company's capital structure. The ratio was highest in February 2023 at 1.34, signifying a higher level of debt relative to equity during that period. However, the ratio has since decreased, reaching 1.10 in February 2024. This suggests that the company has been reducing its reliance on debt financing and strengthening its equity position. Overall, while the ratio has shown some variability, Constellation Brands Inc Class A has demonstrated an effort to manage its debt levels and maintain a stable financial position.