Walgreens Boots Alliance Inc (WBA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 10,445,000 | 13,642,000 | 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 |
| Debt-to-capital ratio | 0.44 | 0.35 | 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 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $8,044,000K ÷ ($8,044,000K + $10,445,000K)
= 0.44
The debt-to-capital ratio of Walgreens Boots Alliance Inc has shown some fluctuations over the past few quarters. The ratio was 0.44 as of August 31, 2024, indicating that debt accounted for 44% of the company's total capital. This was an increase from the previous quarter's ratio of 0.35.
Looking back over the last several quarters, the debt-to-capital ratio has generally ranged between 0.25 and 0.44, with some fluctuations in between. This suggests that the company's capital structure has been relatively stable overall, with the debt level varying within a certain range compared to the capital.
It is important to keep an eye on the debt-to-capital ratio in the future to assess the company's leverage and ability to meet its financial obligations. Any significant deviations from the historical trend may warrant further investigation to understand the underlying reasons and potential implications for the company's financial health.
Peer comparison
Aug 31, 2024
See also:
Walgreens Boots Alliance Inc Debt to Capital (Quarterly Data)