Winnebago Industries Inc (WGO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 632,212 | 602,993 |
| Debt-to-capital ratio | 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 | 0.28 | 0.30 |
February 24, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $694,800K ÷ ($694,800K + $1,324,600K)
= 0.34
The debt-to-capital ratio of Winnebago Industries Inc has remained relatively stable over the period under consideration, ranging from 0.28 to 0.38. This ratio indicates the proportion of the company's capital that is financed through debt. A higher ratio suggests higher financial leverage and potential financial risk, as more of the company's funding comes from debt.
In this case, Winnebago's debt-to-capital ratio has fluctuated within a relatively narrow range, indicating a moderate level of reliance on debt financing. The slight increase in the ratio from 0.28 in August 2019 to 0.38 in August 2020 could suggest a potential increase in leverage during that period, which may require further investigation to understand the reasons behind this change.
Overall, it is important for stakeholders to closely monitor Winnebago's debt-to-capital ratio and assess the company's ability to manage its debt levels effectively while maintaining financial stability.
Peer comparison
Feb 24, 2024