John Wiley & Sons (WLY)
Debt-to-capital ratio
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 767,096 | 900,524 | 937,624 | 890,917 | 743,292 | 940,576 | 978,683 | 917,236 | 768,277 | 902,045 | 1,032,500 | 952,020 | 809,088 | 948,241 | 825,243 | 835,763 | 765,650 | 789,600 | 788,360 | 724,291 |
| Total stockholders’ equity | US$ in thousands | 739,716 | 748,306 | 867,276 | 937,206 | 1,045,030 | 1,026,900 | 1,077,810 | 1,082,330 | 1,142,270 | 1,119,520 | 1,106,660 | 1,077,900 | 1,091,290 | 1,063,800 | 1,020,210 | 973,745 | 933,624 | 1,197,240 | 1,179,000 | 1,132,010 |
| Debt-to-capital ratio | 0.51 | 0.55 | 0.52 | 0.49 | 0.42 | 0.48 | 0.48 | 0.46 | 0.40 | 0.45 | 0.48 | 0.47 | 0.43 | 0.47 | 0.45 | 0.46 | 0.45 | 0.40 | 0.40 | 0.39 |
April 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $767,096K ÷ ($767,096K + $739,716K)
= 0.51
The debt-to-capital ratio of John Wiley & Sons has fluctuated over the past few years, ranging from 0.39 to 0.55. The ratio indicates the proportion of a company's total debt to its total capital, reflecting its leverage and financial risk.
Observing the trend, the ratio increased from 0.39 in July 2019 to a peak of 0.55 in January 2024, implying a rise in debt relative to capital during this period. However, it is worth noting that the ratio has shown variability, as it decreased to 0.40 in April 2022 before climbing again.
A higher debt-to-capital ratio suggests a higher level of debt financing in the company's capital structure, which can intensify financial risk. On the other hand, a lower ratio indicates a more conservative approach with less reliance on debt.
Further analysis and comparison with industry benchmarks could provide additional insights into the company's leverage position and its ability to meet financial obligations efficiently.
Peer comparison
Apr 30, 2024