WD-40 Company (WDFC)
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 | 85,977 | 85,473 | 85,894 | 86,173 | 109,743 | 108,893 | 108,309 | 107,902 | 107,139 | 110,189 | 112,809 | 112,729 | 114,940 | 116,498 | 116,731 | 114,712 | 113,098 | 94,566 | 61,117 | 61,152 |
| Total stockholders’ equity | US$ in thousands | 230,526 | 222,242 | 216,278 | 215,932 | 210,178 | 205,827 | 197,272 | 191,370 | 188,624 | 195,229 | 198,850 | 198,398 | 200,382 | 202,632 | 187,580 | 174,500 | 160,313 | 144,983 | 147,959 | 145,992 |
| Debt-to-capital ratio | 0.27 | 0.28 | 0.28 | 0.29 | 0.34 | 0.35 | 0.35 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.37 | 0.38 | 0.40 | 0.41 | 0.39 | 0.29 | 0.30 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $85,977K ÷ ($85,977K + $230,526K)
= 0.27
The debt-to-capital ratio of WD-40 Company has been relatively stable over the periods presented. The ratio has ranged from 0.27 to 0.41, with a slight upward trend noted in recent quarters. This indicates that the company relies moderately on debt financing to fund its operations and growth, with debt representing between 27% to 41% of the company's total capital structure over the analyzed period. The company maintains a healthy balance between debt and equity in its capital structure, which is essential for financial stability and flexibility. It is important for investors and stakeholders to monitor this ratio to assess the company's leverage and risk profile.
Peer comparison
Aug 31, 2024