Constellation Brands Inc Class A (STZ)

Financial leverage ratio

		Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020
Total assets	US$ in thousands	22,806,200	23,079,100	26,060,100	25,691,700	25,057,400	24,930,000	24,759,200	24,662,300	24,463,000	24,280,900	25,841,100	25,855,800	25,527,300	25,340,300	26,192,400	27,104,800	27,630,600	26,462,500	26,149,800	27,323,200
Total stockholders’ equity	US$ in thousands	7,817,800	7,870,800	10,251,800	9,743,100	9,471,000	9,390,800	8,585,000	8,413,600	8,389,500	9,389,000	11,231,400	11,731,900	11,238,300	11,192,700	12,261,600	13,598,900	13,312,100	11,688,000	11,066,000	12,131,800
Financial leverage ratio		2.92	2.93	2.54	2.64	2.65	2.65	2.88	2.93	2.92	2.59	2.30	2.20	2.27	2.26	2.14	1.99	2.08	2.26	2.36	2.25

November 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $22,806,200K ÷ $7,817,800K
= 2.92

Constellation Brands Inc Class A's financial leverage ratio has shown some fluctuations over the past few years. Starting from February 29, 2020, the ratio was 2.25, indicating that the company had a leverage of 2.25 times its assets to equity. This ratio increased to 2.36 by May 31, 2020, before slightly declining to 2.08 by November 30, 2020.

From February 28, 2021, to August 31, 2021, the financial leverage ratio remained relatively stable around 2.00. However, there was a slight increase to 2.30 by May 31, 2022, and further to 2.92 by November 30, 2022.

The ratio decreased to 2.65 by February 28, 2023, before stabilizing around this level until August 31, 2024. The ratio peaked at 2.93 on both August 31, 2024, indicating a higher level of leverage compared to previous periods.

Overall, the trend in Constellation Brands Inc Class A's financial leverage ratio indicates some fluctuations over the years, with a general increase from 2020 to 2022 followed by a stabilization period with some peaks observed in 2024. It is important for the company to closely monitor and manage its leverage to ensure financial stability and optimal capital structure.