Walgreens Boots Alliance Inc (WBA)
Debt-to-assets ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,044,000 | 8,145,000 | 10,615,000 | 7,675,000 | 12,203,000 |
| Total assets | US$ in thousands | 81,037,000 | 96,628,000 | 90,124,000 | 81,285,000 | 87,174,000 |
| Debt-to-assets ratio | 0.10 | 0.08 | 0.12 | 0.09 | 0.14 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,044,000K ÷ $81,037,000K
= 0.10
The debt-to-assets ratio of Walgreens Boots Alliance Inc has shown some fluctuations over the past five fiscal years. In fiscal year 2020, the company had a higher debt-to-assets ratio of 0.14, indicating that a larger proportion of its assets were financed through debt. Over the following years, the ratio decreased to 0.09 in 2021, then increased slightly to 0.12 in 2022 before decreasing again to 0.08 in 2023.
As of August 31, 2024, the debt-to-assets ratio of Walgreens Boots Alliance Inc stands at 0.10, reflecting that the company's debt level is relatively low compared to its total assets. This suggests that a larger portion of the company's assets are financed through equity rather than debt.
Overall, the trend in the debt-to-assets ratio indicates that Walgreens Boots Alliance Inc has been managing its debt levels effectively, with fluctuations reflecting potential shifts in the company's capital structure and funding strategies over the years. It is important to monitor this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health and leverage position.
Peer comparison
Aug 31, 2024