John Wiley & Sons (WLY)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 739,716 | 1,045,030 | 1,142,270 | 1,091,290 | 933,624 |
| Debt-to-equity ratio | 1.04 | 0.71 | 0.67 | 0.74 | 0.82 |
April 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $767,096K ÷ $739,716K
= 1.04
The debt-to-equity ratio of John Wiley & Sons has shown a fluctuating trend over the past five years. In April 2020, the ratio was 0.82, indicating there was $0.82 of debt for every $1 of equity. Subsequently, the ratio increased to 0.74 in April 2021, suggesting a decrease in leverage. However, by April 2022, the ratio decreased further to 0.67, reflecting a more favorable financial position with lower debt relative to equity.
In April 2023, the debt-to-equity ratio increased to 0.71, signifying a slight rise in leverage compared to the previous year. Notably, in April 2024, the ratio increased significantly to 1.04, indicating a substantial increase in debt relative to equity, potentially signaling higher financial risk.
Overall, the trend in the debt-to-equity ratio of John Wiley & Sons demonstrates variability in the company's capital structure over the years, with the recent increase in the ratio potentially warranting further investigation into the reasons behind the heightened leverage.
Peer comparison
Apr 30, 2024