Winnebago Industries Inc (WGO)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 63,900 | 140,500 | 177,300 | 252,600 | 299,700 | 361,600 | 446,300 | 501,600 | 555,900 | 555,364 | 492,893 | 462,879 | 407,900 | 356,648 | 246,020 | 175,648 | 114,737 | 90,841 | 148,274 | 147,470 |
| Interest expense (ttm) | US$ in thousands | 3,200 | 6,500 | 18,700 | 18,700 | 20,500 | 26,600 | 31,900 | 36,900 | 41,200 | 41,178 | 40,907 | 40,659 | 40,400 | 44,543 | 42,754 | 41,353 | 37,461 | 27,786 | 23,792 | 19,487 |
| Interest coverage | 19.97 | 21.62 | 9.48 | 13.51 | 14.62 | 13.59 | 13.99 | 13.59 | 13.49 | 13.49 | 12.05 | 11.38 | 10.10 | 8.01 | 5.75 | 4.25 | 3.06 | 3.27 | 6.23 | 7.57 |
August 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $63,900K ÷ $3,200K
= 19.97
Winnebago Industries Inc's interest coverage ratio has exhibited fluctuations over the past several quarters. The interest coverage ratio measures the company's ability to meet its interest obligations using its operating income. A higher ratio indicates a stronger ability to cover interest expenses.
Looking at the data provided, we observe that the interest coverage ratio for Winnebago Industries Inc has varied widely, ranging from a low of 3.06 to a high of 21.62. The highest interest coverage ratio was recorded on May 25, 2024, suggesting a robust ability to meet interest payments, while the lowest ratio was observed on Nov 28, 2020, indicating a relative weakness in covering interest expenses.
Overall, the interest coverage ratio for Winnebago Industries Inc has shown a general trend of variability, with some quarters displaying a stronger ability to cover interest expenses compared to others. It is essential for investors and stakeholders to monitor this ratio closely as it provides insights into the company's financial health and its ability to manage debt obligations.
Peer comparison
Aug 31, 2024