Walgreens Boots Alliance Inc (WBA)
Debt-to-assets ratio
| 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 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,044,000 | 7,407,000 | 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 |
| Total assets | US$ in thousands | 81,037,000 | 82,985,000 | 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 |
| Debt-to-assets ratio | 0.10 | 0.09 | 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 |
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 been fluctuating over the past few years. The ratio indicates the proportion of the company's assets that are financed by debt.
From November 2019 to August 2020, the ratio remained relatively stable between 0.12 and 0.14, suggesting that around 12% to 14% of the company's assets were funded by debt during this period. However, there was a significant decrease in the ratio to 0.08 in November 2020 and it remained at this level until February 2021.
Subsequently, the ratio increased to 0.12 by May 2021 and continued to fluctuate between 0.09 and 0.12 until August 2022, indicating a slight increase and then stability in the proportion of debt financing.
There was a spike in the debt-to-assets ratio to 0.12 in August 2022, followed by another increase to 0.14 by November 2022. However, the ratio decreased to 0.08 in February 2023, before returning to 0.09 in May 2023 and staying around this level until August 2024.
Overall, the trend in the debt-to-assets ratio of Walgreens Boots Alliance Inc showcases variability in the level of debt financing relative to total assets over the analyzed period.
Peer comparison
Aug 31, 2024
See also:
Walgreens Boots Alliance Inc Debt to Assets (Quarterly Data)