Walgreens Boots Alliance Inc (WBA)
Debt-to-assets ratio
| 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 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,535,000 | 7,585,000 | 8,145,000 | 8,841,000 | 8,820,000 | 7,789,000 | 10,615,000 | 10,670,000 | 11,203,000 | 11,199,000 | 7,675,000 | 7,732,000 | 10,998,000 | 10,973,000 | 12,203,000 | 12,111,000 | 10,625,000 | 10,628,000 | 11,098,000 | 12,127,000 |
| Total assets | US$ in thousands | 84,207,000 | 97,823,000 | 96,628,000 | 98,605,000 | 100,479,000 | 92,875,000 | 90,124,000 | 92,759,000 | 92,683,000 | 96,507,000 | 81,285,000 | 91,920,000 | 90,920,000 | 89,167,000 | 87,174,000 | 86,444,000 | 90,003,000 | 90,807,000 | 67,598,000 | 68,586,000 |
| Debt-to-assets ratio | 0.09 | 0.08 | 0.08 | 0.09 | 0.09 | 0.08 | 0.12 | 0.12 | 0.12 | 0.12 | 0.09 | 0.08 | 0.12 | 0.12 | 0.14 | 0.14 | 0.12 | 0.12 | 0.16 | 0.18 |
February 29, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,535,000K ÷ $84,207,000K
= 0.09
The debt-to-assets ratio of Walgreens Boots Alliance Inc has shown some fluctuations in recent quarters. The ratio has ranged between 0.08 and 0.18 over the past few years, with the most recent value being 0.09 as of February 29, 2024.
A lower debt-to-assets ratio indicates lower financial risk as it suggests that the company relies less on debt to finance its operations and acquisitions. In contrast, a higher ratio may indicate higher financial risk as it implies a larger portion of the company's assets are financed by debt.
It is important for investors and stakeholders to monitor changes in the debt-to-assets ratio over time to assess the company's financial health and ability to meet its debt obligations. The fluctuations in the ratio may highlight changes in the company's capital structure and its financing strategy.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Debt to Assets (Quarterly Data)