Winnebago Industries Inc (WGO)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.27 | 0.26 | 0.29 | 0.25 | 0.24 | 0.25 | 0.24 | 0.25 | 0.23 | 0.22 | 0.23 | 0.24 | 0.26 | 0.26 | 0.28 | 0.29 | 0.30 | 0.29 | 0.29 | 0.29 |
| Debt-to-capital ratio | 0.33 | 0.33 | 0.34 | 0.30 | 0.30 | 0.30 | 0.31 | 0.31 | 0.30 | 0.30 | 0.31 | 0.31 | 0.33 | 0.34 | 0.36 | 0.37 | 0.38 | 0.37 | 0.36 | 0.36 |
| 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 |
| Financial leverage ratio | 1.87 | 1.84 | 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 |
Winnebago Industries Inc's solvency ratios show relatively stable trends over the past few quarters. The debt-to-assets ratio has been consistently below 0.30, indicating that the company's total debt represents a moderate portion of its total assets. This suggests that Winnebago has a relatively strong asset base to support its debt obligations.
The debt-to-capital ratio and debt-to-equity ratio have also remained relatively steady, with the debt-to-capital ratio hovering around 0.30-0.34 and the debt-to-equity ratio in the range of 0.43-0.62. These ratios suggest that Winnebago relies moderately on debt to finance its operations and investments, with a significant portion of its capital structure coming from debt sources.
The financial leverage ratio, which measures the company's overall financial leverage or risk, has shown some fluctuations but generally stayed around 1.80-2.00. A higher financial leverage ratio indicates higher financial risk, as the company has more debt relative to its equity. Winnebago's financial leverage ratio indicates a moderate level of financial risk, but it is important for the company to monitor and manage its debt levels to maintain financial stability.
Overall, Winnebago Industries Inc's solvency ratios suggest a moderate level of solvency and financial risk, with a balanced mix of debt and equity in its capital structure. Keeping these ratios within reasonable ranges will be crucial for the company to maintain financial stability and support its growth initiatives in the future.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Winnebago Industries Inc's interest coverage ratio has shown fluctuations over the past several quarters. The interest coverage ratio indicates the company's ability to meet its interest obligations with its operating income. A higher interest coverage ratio signifies a greater ability to meet interest payments.
In the most recent quarter ending August 31, 2024, Winnebago Industries Inc's interest coverage ratio was 19.97, which indicates a strong ability to cover its interest expenses. This is a positive trend compared to the previous quarter, where the interest coverage ratio was 21.62.
Looking further back, in February 27, 2021, the interest coverage ratio was 5.75, which was relatively low compared to recent quarters. However, the company has shown improvement since then, with the ratio steadily increasing.
Overall, Winnebago Industries Inc's interest coverage ratio has generally been on an upward trajectory, indicating an improving ability to cover its interest expenses with operating income. Investors and creditors may view this positively as it suggests the company is becoming more financially stable and reliable in meeting its debt obligations.