Winnebago Industries Inc (WGO)
Debt-to-equity 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-equity ratio | 0.43 | 0.43 | 0.50 | 0.62 | 0.39 |
August 26, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $592,400K ÷ $1,368,100K
= 0.43
Winnebago Industries, Inc.'s debt-to-equity ratio has fluctuated over the past five years. In 2023 and 2022, the ratio remained constant at 0.43, indicating that the company's debt level was 43% of its equity. This suggests a balanced capital structure with a relatively lower reliance on debt financing. However, in 2021, the ratio increased to 0.50, signaling a slight increase in debt relative to equity. The following year, in 2020, the ratio rose further to 0.62, indicating a higher level of debt compared to equity, which may raise concerns about the company's financial leverage. Conversely, in 2019, the ratio decreased to 0.40, suggesting a lower debt level compared to equity, potentially reflecting a better financial position. Overall, these fluctuations highlight the importance of monitoring Winnebago's capital structure to assess its financial risk and stability.
Peer comparison
Aug 26, 2023