Winnebago Industries Inc (WGO)
Debt-to-assets ratio
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 637,100 | 592,400 | 545,900 | 528,559 | 512,630 |
| Total assets | US$ in thousands | 2,384,200 | 2,432,400 | 2,416,700 | 2,062,570 | 1,713,700 |
| Debt-to-assets ratio | 0.27 | 0.24 | 0.23 | 0.26 | 0.30 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $637,100K ÷ $2,384,200K
= 0.27
Winnebago Industries Inc's debt-to-assets ratio has shown a fluctuating trend over the past five years. The ratio was 0.27 as of August 31, 2024, reflecting an increase from 0.24 in the previous year. This indicates that the company's debt level in relation to its total assets has grown, suggesting a higher reliance on debt financing.
Comparing the recent ratio to historical data, the current ratio of 0.27 is higher than the 0.23 ratio from two years ago but lower than the ratio of 0.30 recorded two years prior. This suggests that Winnebago Industries Inc has been managing its debt levels within a certain range, although there is some variability.
A debt-to-assets ratio of 0.27 signifies that approximately 27% of the company's assets are financed through debt, while the remaining 73% are funded through equity. This level of debt indicates a moderate level of financial leverage but does not pose significant concerns about the company's ability to meet its debt obligations.
Overall, monitoring Winnebago Industries Inc's debt-to-assets ratio provides valuable insights into the company's capital structure and financial health, highlighting the balance between debt and equity financing in its operations.
Peer comparison
Aug 31, 2024