Winnebago Industries Inc (WGO)
Debt-to-assets ratio
| Aug 31, 2024 | May 25, 2024 | Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 637,100 | 636,400 | 694,800 | 593,100 | 592,400 | 591,700 | 591,000 | 590,400 | 545,900 | 541,453 | 536,990 | 532,739 | 528,559 | 524,450 | 520,284 | 516,527 | 512,630 | 451,306 | 451,134 | 450,848 |
| Total assets | US$ in thousands | 2,384,200 | 2,425,000 | 2,433,900 | 2,368,900 | 2,432,400 | 2,412,800 | 2,445,400 | 2,394,000 | 2,416,700 | 2,427,130 | 2,309,430 | 2,206,360 | 2,062,570 | 1,979,770 | 1,855,800 | 1,780,990 | 1,713,700 | 1,533,040 | 1,571,930 | 1,553,620 |
| Debt-to-assets ratio | 0.27 | 0.26 | 0.29 | 0.25 | 0.24 | 0.25 | 0.24 | 0.25 | 0.23 | 0.22 | 0.23 | 0.24 | 0.26 | 0.26 | 0.28 | 0.29 | 0.30 | 0.29 | 0.29 | 0.29 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $637,100K ÷ $2,384,200K
= 0.27
The debt-to-assets ratio of Winnebago Industries Inc has fluctuated over the past few years, ranging from 0.22 to 0.30. The ratio indicates the proportion of the company's assets financed by debt. A lower ratio typically suggests lower financial risk, as it indicates that a smaller portion of the assets are funded by debt.
In this case, Winnebago's debt-to-assets ratio has generally been within a moderate range, with some variation. The company's ratio was at its lowest at 0.22 and highest at 0.30 during the observation period. This indicates that Winnebago has been prudent in managing its debt relative to its asset base, maintaining a reasonable balance between debt and equity financing. It is important for investors and stakeholders to continue monitoring this ratio over time to assess the company's financial leverage and risk management strategies.
Peer comparison
Aug 31, 2024