Walgreens Boots Alliance Inc (WBA)
Debt-to-equity 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-equity ratio | 0.77 | 0.54 | 0.56 | 0.39 | 0.41 | 0.42 | 0.42 | 0.38 | 0.42 | 0.41 | 0.42 | 0.43 | 0.33 | 0.35 | 0.52 | 0.55 | 0.59 | 0.58 | 0.45 | 0.45 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $8,044,000K ÷ $10,445,000K
= 0.77
The debt-to-equity ratio of Walgreens Boots Alliance Inc has fluctuated over the past five years, ranging from 0.33 to 0.77. A debt-to-equity ratio of 0.77 in August 2024 indicates that the company had higher levels of debt compared to equity during that period. Conversely, a ratio of 0.33 in August 2021 reflects a lower reliance on debt financing relative to shareholder equity.
Overall, the trend in the debt-to-equity ratio suggests some variability in the company's capital structure management. It is worth noting that a higher debt-to-equity ratio can indicate greater financial risk due to increased debt obligations, while a lower ratio may signify a more conservative approach to financing operations. It would be important for stakeholders to monitor this ratio over time to assess the company's leverage and financial health.
Peer comparison
Aug 31, 2024
See also:
Walgreens Boots Alliance Inc Debt to Equity (Quarterly Data)