John Wiley & Sons (WLY)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.28 | 0.33 | 0.34 | 0.30 | 0.24 | 0.30 | 0.31 | 0.28 | 0.23 | 0.27 | 0.31 | 0.28 | 0.23 | 0.28 | 0.27 | 0.27 | 0.24 | 0.24 | 0.26 | 0.23 |
| 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 |
| 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 |
| Financial leverage ratio | 3.68 | 3.62 | 3.20 | 3.12 | 2.97 | 3.07 | 2.90 | 2.98 | 2.94 | 3.02 | 3.02 | 3.12 | 3.16 | 3.22 | 2.96 | 3.15 | 3.39 | 2.78 | 2.61 | 2.76 |
The solvency ratios of John Wiley & Sons demonstrate the company's ability to meet its long-term financial obligations. Over the past few quarters, the debt-to-assets ratio has fluctuated between 0.23 and 0.34, indicating that the company finances its assets primarily through debt, with the most recent ratio standing at 0.28 as of April 30, 2024.
The debt-to-capital ratio has shown a similar trend, fluctuating between 0.40 and 0.55 over the same period. This ratio reveals the proportion of the company's capital that is financed through debt, with the most recent figure being 0.51 as of April 30, 2024.
Furthermore, the debt-to-equity ratio has varied between 0.64 and 1.20, highlighting the relationship between the company's debt and equity financing. A higher ratio indicates higher financial risk due to a larger reliance on debt, with the ratio standing at 1.04 as of April 30, 2024.
Finally, the financial leverage ratio has ranged from 2.61 to 3.68, reflecting the company's financial risk and the extent to which it utilizes debt in its capital structure. The most recent ratio of 3.68 as of April 30, 2024, suggests that John Wiley & Sons has a higher level of financial leverage compared to previous periods.
Overall, these solvency ratios provide insights into John Wiley & Sons' long-term financial stability and risk management strategies related to its debt and capital structure. Careful monitoring of these ratios is essential to assess the company's ability to meet its financial obligations and maintain sustainable growth.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -2.82 | -2.23 | -1.60 | -0.18 | 1.88 | 0.98 | 5.65 | 7.62 | 11.59 | 11.85 | 11.15 | 11.34 | 10.57 | -1.16 | -0.19 | -0.59 | -1.53 | 8.75 | 9.10 | 10.42 |
The interest coverage ratio for John Wiley & Sons has exhibited significant fluctuations over the periods provided. A low interest coverage ratio indicates that the company may have difficulty meeting its interest obligations with its operating income.
From October 2019 to January 2020, the interest coverage ratio was positive, indicating the company was generating enough operating income to cover its interest expenses. However, from April 2020 to October 2021, the interest coverage ratio turned negative, implying that the company's operating income was not sufficient to cover its interest expenses during these periods.
The interest coverage ratio improved significantly from October 2021 to July 2022, reaching double digits, which suggests that the company's operating income was comfortably covering its interest expenses. However, a notable decline was observed in the interest coverage ratio from July 2022 to April 2023.
The company experienced negative interest coverage ratios in the most recent periods, indicating a potential financial strain in meeting its interest obligations with its operating income.
Overall, the trend in John Wiley & Sons' interest coverage ratio demonstrates volatility and inconsistent performance in generating operating income to cover interest expenses. Further analysis of the company's financial health and strategies to improve its interest coverage ratio would be necessary for a deeper understanding of its financial position.