Rite Aid (FRA:RTA1) Debt-to-Equity : -3.35 (As of Aug. 2023)

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What is Rite Aid Debt-to-Equity?

Rite Aid's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was €3,847 Mil. Rite Aid's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was €2,188 Mil. Rite Aid's Total Stockholders Equity for the quarter that ended in Aug. 2023 was €-1,803 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:

FRA:RTA1' 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.

FRA:RTA1's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.485 vs FRA:RTA1: -3.35

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.

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Rite Aid Debt-to-Equity Chart

Rite Aid Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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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	Get a 7-Day Free Trial															-18.76	-15.36	-9.07	-6.52	-3.35

Competitive Comparison of Rite Aid's Debt-to-Equity

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's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(475.158	+	4960.269)	/	-599.419
	=	-9.07

Rite Aid's Debt to Equity Ratio for the quarter 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
	=	(3847.355	+	2187.66)	/	-1803.07
	=	-3.35

Rite Aid (FRA:RTA1) 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.

Rite Aid Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Rite Aid's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Rite Aid (FRA:RTA1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rite Aid Corp (FRA:RTA1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RADCQ:USA

Address

1200 Intrepid Avenue, PO Box 3165, Philadelphia, PA, USA, 17105

Website

https://www.riteaid.com

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.

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