Rite Aid's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $4,196 Mil. Rite Aid's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $2,386 Mil. Rite Aid's Total Stockholders Equity for the quarter that ended in Aug. 2023 was $-1,966 Mil.
Rite Aid's debt to equity for the quarter that ended in Aug. 2023 was -3.35.
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 Rite Aid's Debt-to-Equity or its related term are showing as below:
RADCQ'
s Debt-to-Equity Range Over the Past 10 Years
Min: -733.87 Med: 7.06 Max: 97.43
Current: -3.35
During the past 13 years, the highest Debt-to-Equity Ratio of Rite Aid was 97.43. The lowest was -733.87. And the median was 7.06.
Rite Aid Debt-to-Equity Historical Data
The historical data trend for Rite Aid'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.
|
Rite Aid Annual Data
|
|
Trend |
Feb14 |
Feb15 |
Feb16 |
Feb17 |
Feb18 |
Feb19 |
Feb20 |
Feb21 |
Feb22 |
Feb23 |
| Debt-to-Equity |
|
|
|
|
|
|
2.95 |
9.35 |
10.46 |
59.84 |
-9.07 |
|
Rite Aid Quarterly Data
|
|
Nov18 |
Feb19 |
May19 |
Aug19 |
Nov19 |
Feb20 |
May20 |
Aug20 |
Nov20 |
Feb21 |
May21 |
Aug21 |
Nov21 |
Feb22 |
May22 |
Aug22 |
Nov22 |
Feb23 |
May23 |
Aug23 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-18.76 |
-15.36 |
-9.07 |
-6.52 |
-3.35 |
Competitive Comparison
For the Pharmaceutical Retailers subindustry, Rite Aid'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.
Rite Aid Debt-to-Equity Distribution
For the Healthcare Providers & Services industry and Healthcare sector, Rite Aid's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Rite Aid's Debt-to-Equity falls into.
Rite Aid Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Rite Aid's Debt to Equity Ratio for the fiscal year that ended in Feb. 2023 is calculated as
Rite Aid's Debt to Equity Ratio for the quarter that ended in Aug. 2023 is calculated as
* 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.
Rite Aid (Rite Aid) Business Description
Traded in Other Exchanges
Address
1200 Intrepid Avenue, PO Box 3165, Philadelphia, PA, USA, 17105
Rite Aid Corp is a large retail drugstore chain in the United States. The company reports via two segments: retail pharmacy and pharmacy services. The retail pharmacy segment generates revenue primarily through the sale of prescription drugs, along with an assortment of merchandise that includes over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and numerous other everyday consumables. The pharmacy-services segment relates to EnvisionRx, a fully owned subsidiary that operates as a pharmacy benefit management provider offering a broad range of pharmaceutical services.
Executives
| Christopher W. Dupaul |
officer: Chief Operating Officer |
1200 INTREPID AVENUE, 2ND FLOOR, PHILADELPHIA PA 19112 |
| Sabatino Thomas J Jr |
officer: Chief Legal Officer |
C/O JAN STERN REED BAXTER INTERNATIONAL, ONE BAXTER PARKWAY DF2 2W, DEERFIELD IL 60015 |
| Steven Bixler |
officer: Chief Accounting Officer |
C/O RITE AID CORPORATION, 30 HUNTER LANE, CAMP HILL PA 17011 |
| Heyward R Donigan |
officer: Chief Executive Officer |
452 DISCOVERY ROAD, VIRGINIA BEACH VA 23451 |
| Jocelyn Z Konrad |
officer: Executive VP |
RITE AID CORPORATION, 30 HUNTER LANE, CAMP HILL PA 17011 |
| Ray Smithberger |
officer: SVP, Operations |
30 HUNTER LANE, CAMP HILL PA 17011 |
| Bari A Harlam |
director |
C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003 |
| Paul D Gilbert |
officer: EVP, Secretary&General Counsel |
103 POWELL COURT, SUITE 200, BRENTWOOD TN 37027 |
| Andre Persaud |
officer: EVP, Retail |
30 HUNTER LANE, CAMP HILL PA 17011 |
| Dan Robson |
officer: President, EnvisionRXOptions |
30 HUNTER LANE, CAMP HILL PA 17011 |
| James J Peters |
officer: Chief Operating Officer |
C/O NXSTAGE MEDICAL, INC., 350 MERRIMACK STREET, LAWRENCE MA 01843 |
| James J Comitale |
officer: EVP, General Counsel, Secy. |
30 HUNTER LANE, CAMP HILL PA 17011 |
| Jessica Kazmaier |
officer: EVP, Chief HR Officer |
30 HUNTER LANE, CAMP HILL PA 17011 |
| Justin L. Mennen |
officer: EVP, Chief Information Officer |
30 HUNTER LANE, CAMP HILL PA 17011 |
| Katherine B Quinn |
director |
US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402 |
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