WGOWinnebago Industries, Inc.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -68% · now 49% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can WGO take a bad year?
Winnebago Industries, Inc. carries $386M of net debt at 2.99× EBITDA: a load its earnings can carry.
Net debt · as at Q3 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.99×
Net debt / EBITDA
- Interest cover
- 3.00×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 50%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ3 2026
- $443M
- Cash and short-term investments
- $57M
- Net debt
- $386M
- EBITDA, trailing twelve months
- $129M
- Operating profit, trailing twelve months
- $69M
- Debt / equity
- 0.36×
- Total debt / EBITDA
- 3.44×
- Annualised volatilitytwo years of daily moves
- 50%
- Worst drawdown on file
- −68%
- Below its 52-week high
- 49%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.