Winnebago Industries Inc (WGO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,273,300 | 1,368,100 | 1,263,000 | 1,056,900 | 827,500 |
| Debt-to-capital ratio | 0.33 | 0.30 | 0.30 | 0.33 | 0.38 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $637,100K ÷ ($637,100K + $1,273,300K)
= 0.33
Winnebago Industries Inc's debt-to-capital ratio has shown fluctuations over the past five years. As of August 31, 2024, the ratio stands at 0.33, indicating that debt accounts for 33% of the company's total capital. The slight increase from the previous year's ratio of 0.30 suggests a higher reliance on debt financing for the company's operations.
Comparing the current ratio to that of two years ago, where it was also at 0.30, we see that there was a temporary stability in the company's debt structure. However, the ratio has returned to its previous level seen in August 28, 2021, and remains lower than the ratio observed on August 29, 2020, which was at 0.38.
Overall, the trend in Winnebago Industries Inc's debt-to-capital ratio indicates a fluctuating capital structure over the past five years, with a recent uptick in debt relative to capital. This suggests a potential shift in the company's financing strategy that may warrant further investigation and monitoring to assess its impact on the company's financial health and risk profile.
Peer comparison
Aug 31, 2024