Winnebago Industries Inc (WGO)
Debt-to-equity 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-equity ratio | 0.50 | 0.48 | 0.52 | 0.44 | 0.43 | 0.43 | 0.44 | 0.46 | 0.43 | 0.43 | 0.44 | 0.46 | 0.50 | 0.52 | 0.55 | 0.59 | 0.62 | 0.58 | 0.56 | 0.57 |
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 some fluctuations over the past few years. As of August 31, 2024, the ratio stood at 0.50, indicating that the company had more debt than equity in its capital structure. This ratio has ranged from 0.43 to 0.62 over the past 20 quarters.
A debt-to-equity ratio of 0.50 means that for every dollar of equity, the company has 50 cents of debt. The fluctuations in this ratio suggest changes in the company's financial leverage and risk profile over time.
Overall, Winnebago Industries Inc seems to maintain a moderate level of debt compared to equity, with a trend of slightly increasing leverage indicated by the ratios trending upwards from 0.43 to 0.62. It's important to consider industry norms and the company's specific circumstances when interpreting this ratio in isolation.
Peer comparison
Aug 31, 2024