WD-40 Co (WD-40 Co) Debt-to-Equity

: 0.57 (As of Feb. 2024)

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WD-40 Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $31.7 Mil. WD-40 Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $91.4 Mil. WD-40 Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $216.3 Mil. WD-40 Co's debt to equity for the quarter that ended in Feb. 2024 was 0.57.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for WD-40 Co's Debt-to-Equity or its related term are showing as below:

WDFC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.69 Max: 1.2
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of WD-40 Co was 1.20. The lowest was 0.47. And the median was 0.69.

WDFC's Debt-to-Equity is ranked worse than
67.12% of 1393 companies
in the Chemicals industry
Industry Median: 0.35 vs WDFC: 0.57

WD-40 Co Debt-to-Equity Historical Data

The historical data trend for WD-40 Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

WD-40 Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

0.56

0.76

0.62

0.82

0.61

WD-40 Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity																0.83	0.70	0.61	0.55	0.57

Competitive Comparison

For the Specialty Chemicals subindustry, WD-40 Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

WD-40 Co Debt-to-Equity Distribution

For the Chemicals industry and Basic Materials sector, WD-40 Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where WD-40 Co's Debt-to-Equity falls into.

WD-40 Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WD-40 Co's Debt to Equity Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(12.944	+	115.575)	/	210.178
	=	0.61

WD-40 Co's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(31.654	+	91.403)	/	216.278
	=	0.57

WD-40 Co (NAS:WDFC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

WD-40 Co Debt-to-Equity Related Terms

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WD-40 Co (WD-40 Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » WD-40 Co (NAS:WDFC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WD1:Germany WD1:Germany

Address

9715 Businesspark Avenue, San Diego, CA, USA, 92131

Website

https://www.wd40company.com

WD-40 Co manufactures and sells lubricants and cleaning products. The firm's product categories include maintenance and cleaning products. Maintenance products include the WD-40 signature brand aerosol spray lubricant as well as degreasers, rust removers, and bicycle maintenance products. Cleaning products include toilet cleaners, carpet stain removers and deodorizers, and heavy-duty hand soaps used to clean grease. The company organizes itself into three segments based on geography: Americas, Europe/Middle East/Africa, and Asia-Pacific. Around half of the company's revenue comes from the Americas segment, which includes the United States, Canada, and Latin America.

Executives

Sara Kathleen Hyzer	officer: VP, Finance & CFO	C/O: WD-40 COMPANY, 9715 BUSINESSPARK AVE., SAN DIEGO CA 92131
Jeffrey G Lindeman	officer: VP, Chief People, Cult. & Cap.	9715 BUSINESSPARK AVENUE, SAN DIEGO CA 92131
Phenix Q. Kiamilev	officer: VP, General Counsel & Corp Sec	9715 BUSINESSPARK AVENUE, SAN DIEGO CA 92131
Steven A Brass	director, officer: President and CEO	WD-40 COMPANY, 1061 CUDAHY PLACE, SAN DIEGO CA 92110
William B Noble	officer: Group MD, EMEA & Emerging Mkts	BRICK CLOSE, KIIN FARM, MILTON KEYNES X0 MK1 13LJ
Patricia Q Olsem	officer: Division President, Americas	9715 BUSINESSPARK AVENUE, SAN DIEGO CA 92131
Cynthia Burks	director	C/O INSPIRE MEDICAL SYSTEMS, INC., 9700 63RD AVENUE NORTH, SUITE 200, MAPLE GROVE MN 55369
Geoffrey Holdsworth	officer: Managing Director AsiaPacific	27 MUNGARRA AVENUE, ST. IVES, SYDNEY C3 2075
Eric Etchart	director	ROOM F, 22F CROSS REGION PLAZA, 899 LINGLING ROAD, SHANGHAI F4 200030
Magee Edward O Jr	director	9715 BUSINESSPARK AVENUE, SAN DIEGO CA 92131
Richard T Clampitt	officer: VP, General Counsel	WD-40 COMPANY, 1061 CUDAHY PLACE, SAN DIEGO CA 92110
Garry O Ridge	director, officer: President & CEO	1061 CUDAHY PL, SAN DIEGO CA 92110
Lara L Lee	director	C/O MARRONE BIO INNOVATIONS, INC., 1540 DREW AVENUE, DAVIS CA 95618
Jay Rembolt	officer: Principal Accounting Officer	1061 CUDAHY PL, SAN DIEGO CA 92110
Graciela Monteagudo	director	FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047