Winnebago Industries Inc (WGO)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 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 | 0.22 | 0.23 |
| Debt-to-capital ratio | 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 | 0.28 | 0.30 |
| Debt-to-equity ratio | 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 | 0.39 | 0.42 |
| 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 |
Winnebago Industries Inc's solvency ratios indicate its ability to meet its long-term obligations.
The Debt-to-Assets ratio has shown a slight fluctuation over time, ranging from 0.22 to 0.30. This ratio signifies that, on average, around 24% to 30% of the company's assets are financed by debt.
The Debt-to-Capital ratio has also displayed variability, with values ranging from 0.28 to 0.38. This ratio indicates that, on average, around 30% to 38% of the company's capital structure is attributed to debt.
The Debt-to-Equity ratio has exhibited a wider range of values, from 0.39 to 0.62. This ratio reveals that, on average, between 39% to 62% of the company's total equity is covered by debt.
The Financial Leverage ratio has fluctuated between 1.75 to 2.07. This ratio highlights that the company's assets have been financed at varying levels through debt in relation to equity.
Overall, while Winnebago Industries Inc's solvency ratios have shown some fluctuations, the company generally maintains a moderate level of debt relative to its assets, capital, and equity. It is important for investors to monitor these solvency ratios to assess the company's ability to manage its long-term debt obligations effectively.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 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 | 8.74 | 8.93 |
The interest coverage ratio for Winnebago Industries Inc has shown fluctuations over the past few quarters. The ratio measures the company's ability to meet its interest payment obligations with its operating income. A higher interest coverage ratio indicates a stronger ability to cover interest expenses.
Looking at the trend, the interest coverage ratio was relatively stable and strong in the earlier quarters of 2023, ranging between 13.51 and 14.62. This suggests that Winnebago had a solid operating income that comfortably covered its interest expenses during this period.
However, the interest coverage ratio started to decline in the later quarters of 2023 and into 2022, reaching as low as 3.06 in August 2020. This decline may indicate a decrease in operating income relative to interest expenses, raising concerns about the company's ability to cover its interest payments comfortably.
It is important for stakeholders to monitor Winnebago's interest coverage ratio closely to ensure that the company's financial health remains stable and that it can continue to meet its debt obligations without significant strain.