John Wiley & Sons (WLY)
Debt-to-assets ratio
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 767,096 | 743,292 | 768,277 | 809,088 | 765,650 |
| Total assets | US$ in thousands | 2,725,500 | 3,108,810 | 3,361,700 | 3,446,440 | 3,168,790 |
| Debt-to-assets ratio | 0.28 | 0.24 | 0.23 | 0.23 | 0.24 |
April 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $767,096K ÷ $2,725,500K
= 0.28
The debt-to-assets ratio of John Wiley & Sons has shown a slight increase from 0.24 in 2023 to 0.28 in 2024. This indicates that the company's reliance on debt to finance its assets has increased slightly.
Comparing the current ratio to the previous years, we can see that it is higher than the ratios reported in 2022, 2021, and 2020, which were 0.23, 0.23, and 0.24 respectively. This suggests that the company may have taken on more debt relative to its assets in the most recent year.
It is important to note that a higher debt-to-assets ratio could indicate higher financial risk for the company, as it suggests a larger proportion of assets are being financed by debt. Further analysis of the company's overall financial health and ability to service its debt obligations would be necessary to fully assess the impact of this trend.
Peer comparison
Apr 30, 2024