Winnebago Industries Inc (WGO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,273,300 | 1,318,400 | 1,324,600 | 1,354,000 | 1,368,100 | 1,361,300 | 1,337,300 | 1,288,600 | 1,263,000 | 1,263,900 | 1,209,000 | 1,159,300 | 1,056,900 | 1,010,260 | 942,364 | 871,558 | 827,500 | 784,810 | 801,524 | 785,609 |
| Debt-to-capital ratio | 0.33 | 0.33 | 0.34 | 0.30 | 0.30 | 0.30 | 0.31 | 0.31 | 0.30 | 0.30 | 0.31 | 0.31 | 0.33 | 0.34 | 0.36 | 0.37 | 0.38 | 0.37 | 0.36 | 0.36 |
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
The debt-to-capital ratio of Winnebago Industries Inc has shown relatively stable trends over the past few quarters, ranging between 0.30 to 0.38. This ratio indicates the proportion of the company's capital structure that is financed by debt, with the remainder funded by equity.
The consistent range of the debt-to-capital ratio suggests that Winnebago Industries has maintained a moderate level of debt relative to its total capital. A ratio below 0.50 generally indicates a conservative debt structure, signaling that the company relies more on equity financing rather than debt.
Overall, the stability of the debt-to-capital ratio for Winnebago Industries indicates a balanced approach to capital structure management, providing a moderate level of financial risk while still leveraging debt to support growth and operations.
Peer comparison
Aug 31, 2024