Winnebago Industries Inc (WGO)
Debt-to-assets ratio
| 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 | Aug 31, 2019 | May 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 245,402 | 253,071 |
| Total assets | US$ in thousands | 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 | 1,104,230 | 1,083,200 |
| Debt-to-assets ratio | 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 | 0.22 | 0.23 |
February 24, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $694,800K ÷ $2,433,900K
= 0.29
Winnebago Industries Inc's debt-to-assets ratio has displayed some fluctuations over the past few quarters. The ratio has ranged from 0.22 to 0.30, with the latest reported ratio being 0.29 as of February 24, 2024. This indicates that approximately 29% of Winnebago's assets are financed by debt.
A higher debt-to-assets ratio suggests that the company relies more on debt financing to fund its operations and growth, which can potentially increase financial risk. On the other hand, a lower ratio signifies a lower level of financial risk and a stronger financial position.
The trend in Winnebago's debt-to-assets ratio shows a slight increase from 0.22 in May 2019 to 0.29 in February 2024. This may indicate that the company has been taking on more debt relative to its total assets over this period. It is important for investors and stakeholders to monitor this ratio in conjunction with other financial metrics to assess the company's overall financial health and risk profile.
Peer comparison
Feb 24, 2024