Winnebago Industries Inc (WGO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,368,100 | 1,263,000 | 1,056,900 | 827,500 | 632,212 |
| Debt-to-capital ratio | 0.30 | 0.30 | 0.33 | 0.38 | 0.28 |
August 26, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $592,400K ÷ ($592,400K + $1,368,100K)
= 0.30
The debt-to-capital ratio of Winnebago Industries, Inc. has remained relatively stable over the past five years, ranging from 0.29 to 0.38. This ratio indicates the proportion of the company’s capital structure that is financed by debt. A decreasing trend in the debt-to-capital ratio from 2020 to 2023 suggests that the company has been relying less on debt financing and increasing its equity, which could improve its financial stability and reduce the risk of financial distress. However, the ratio increased in 2021 before stabilizing in 2022 and 2023, indicating that the company might have taken on more debt relative to its capital in that period. Overall, while the company's debt-to-capital ratio has fluctuated, it is within a moderate range, suggesting that the company has maintained a balanced approach to its capital structure over the years.
Peer comparison
Aug 26, 2023