Winnebago Industries Inc (WGO)
Debt-to-assets ratio
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 592,400 | 545,900 | 528,559 | 512,630 | 245,402 |
| Total assets | US$ in thousands | 2,432,400 | 2,416,700 | 2,062,570 | 1,713,700 | 1,104,230 |
| Debt-to-assets ratio | 0.24 | 0.23 | 0.26 | 0.30 | 0.22 |
August 26, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $592,400K ÷ $2,432,400K
= 0.24
The debt-to-assets ratio for Winnebago Industries, Inc. has fluctuated over the past five years, ranging from 0.23 to 0.30. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio suggests a smaller reliance on debt to fund assets, indicating a stronger financial position and lower risk. Winnebago's decreasing trend in the ratio from 2020 to 2022 suggests a reduction in debt relative to assets. However, the slight increase in 2023 indicates a potential uptick in the use of debt financing. Overall, the company has maintained a relatively healthy balance between debt and assets, with the recent increase signaling a potential shift in its capital structure strategy.
Peer comparison
Aug 26, 2023