John Wiley & Sons (WLY)
Debt-to-equity 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-equity ratio | 1.04 | 1.20 | 1.08 | 0.95 | 0.71 | 0.92 | 0.91 | 0.85 | 0.67 | 0.81 | 0.93 | 0.88 | 0.74 | 0.89 | 0.81 | 0.86 | 0.82 | 0.66 | 0.67 | 0.64 |
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 exhibited fluctuations over the recent quarters. The ratio has generally been above 1, indicating a higher level of debt relative to equity. This suggests that the company has been relying more on debt financing to fund its operations and growth initiatives.
There was a noticeable increase in the debt-to-equity ratio from April 2023 to January 2024, reaching a peak of 1.20. However, this ratio decreased in the subsequent quarter to 1.04. The ratio then continued to fluctuate around the 1.00 level in the following quarters, showing some variability in the company's capital structure.
Overall, the trend in the debt-to-equity ratio suggests that John Wiley & Sons has been managing its debt levels relative to equity, although the ratio remains above 1 for most periods. Investors and stakeholders may want to monitor this ratio to assess the company's leverage and financial risk going forward.
Peer comparison
Apr 30, 2024