Walgreens Boots Alliance Inc (WBA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 13,484,000 | 19,481,000 | 20,020,000 | 21,063,000 | 21,192,000 | 20,576,000 | 25,275,000 | 26,253,000 | 26,702,000 | 26,263,000 | 23,419,000 | 22,101,000 | 21,112,000 | 20,059,000 | 20,637,000 | 20,736,000 | 23,720,000 | 23,661,000 | 23,512,000 | 24,133,000 |
| Debt-to-capital ratio | 0.36 | 0.28 | 0.29 | 0.30 | 0.29 | 0.27 | 0.30 | 0.29 | 0.30 | 0.30 | 0.25 | 0.26 | 0.34 | 0.35 | 0.37 | 0.37 | 0.31 | 0.31 | 0.32 | 0.33 |
February 29, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $7,535,000K ÷ ($7,535,000K + $13,484,000K)
= 0.36
The debt-to-capital ratio of Walgreens Boots Alliance Inc has shown some fluctuations over the past few quarters. The ratio stood at 0.36 as of February 29, 2024, indicating that 36% of the company's capital structure was funded by debt. This represented an increase from the prior quarter's ratio of 0.28, suggesting an increase in the proportion of debt relative to total capital.
Looking at the trend over the past few quarters, we observe some variability in the ratio, ranging from 0.25 to 0.37. This indicates that the company has been actively managing its capital structure, sometimes relying more on debt financing and other times on equity financing. A higher ratio suggests a higher level of financial leverage, which can amplify returns but also increase financial risk.
It is important to note that a debt-to-capital ratio of 0.36 is generally considered moderate and manageable for a company like Walgreens Boots Alliance Inc, but investors and analysts will closely monitor any significant shifts in this ratio in future periods to gauge the company's financial health and risk profile.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Debt to Capital (Quarterly Data)