Winnebago Industries Inc (WGO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,433,900 | 2,368,900 | 2,432,400 | 2,412,800 | 2,445,400 | 2,394,000 | 2,416,700 | 2,427,130 | 2,309,430 | 2,206,360 | 2,062,570 | 1,979,770 | 1,855,800 | 1,780,990 | 1,713,700 | 1,533,040 | 1,571,930 | 1,553,620 | 1,104,230 | 1,083,200 |
| 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 |
| Financial leverage ratio | 1.84 | 1.75 | 1.78 | 1.77 | 1.83 | 1.86 | 1.91 | 1.92 | 1.91 | 1.90 | 1.95 | 1.96 | 1.97 | 2.04 | 2.07 | 1.95 | 1.96 | 1.98 | 1.75 | 1.80 |
February 24, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,433,900K ÷ $1,324,600K
= 1.84
The financial leverage ratio of Winnebago Industries Inc has shown some fluctuation over the past two years, ranging from a low of 1.75 to a high of 2.07. The ratio indicates that the company has been utilizing debt to finance its operations and investments.
The upward trend in the ratio from 1.75 to 2.07 suggests an increase in the proportion of debt in the company's capital structure. This may indicate that Winnebago Industries has been relying more on debt financing to support its growth and expansion initiatives.
It is important to note that a higher financial leverage ratio indicates higher financial risk, as the company has more debt obligations to meet. Investors and creditors should carefully assess Winnebago Industries' ability to service its debt and manage its financial leverage effectively to ensure sustainable growth and profitability.
Peer comparison
Feb 24, 2024