Winnebago Industries Inc (WGO)
Debt-to-equity 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-equity ratio | 0.50 | 0.43 | 0.43 | 0.50 | 0.62 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $637,100K ÷ $1,273,300K
= 0.50
The debt-to-equity ratio of Winnebago Industries Inc has shown fluctuations over the past five years. The ratio was at 0.50 as of August 31, 2024, which indicates that the company had $0.50 in debt for every $1 of equity. This ratio has increased compared to the previous year (0.43 as of August 26, 2023) but remains relatively moderate.
Analyzing the trend further, the company had a debt-to-equity ratio of 0.43 in both 2022 and 2023, which suggests a stable capital structure during those years. However, there was a slight increase in the ratio in 2021 (0.50) and a more significant rise in 2020 (0.62), indicating a higher proportion of debt relative to equity in those years.
Overall, Winnebago Industries Inc's debt-to-equity ratio has exhibited some variability but has generally stayed within a manageable range. It is essential to monitor this ratio over time to assess the company's leverage and financial risk.
Peer comparison
Aug 31, 2024