Metro (MTRAF) Debt-to-Equity : 0.64 (As of Mar. 2024)

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What is Metro Debt-to-Equity?

Metro's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $437 Mil. Metro's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,818 Mil. Metro's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $5,062 Mil. Metro's debt to equity for the quarter that ended in Mar. 2024 was 0.64.

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 Metro's Debt-to-Equity or its related term are showing as below:

MTRAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.57 Max: 0.82
Current: 0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Metro was 0.82. The lowest was 0.35. And the median was 0.57.

MTRAF's Debt-to-Equity is ranked better than
50% of 278 companies
in the Retail - Defensive industry
Industry Median: 0.64 vs MTRAF: 0.64

Metro Debt-to-Equity Historical Data

The historical data trend for Metro'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.

Metro Debt-to-Equity Chart

Metro Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.45

0.77

0.71

0.62

0.64

Metro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.65	0.64	0.64	0.66	0.64

Competitive Comparison of Metro's Debt-to-Equity

For the Grocery Stores subindustry, Metro'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.

Metro's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metro's Debt-to-Equity distribution charts can be found below:

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

Metro Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Metro's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(220.013	+	2975.833)	/	5026.384
	=	0.64

Metro's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(436.687	+	2818.189)	/	5062.278
	=	0.64

Metro (OTCPK:MTRAF) 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.

Metro Debt-to-Equity Related Terms

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

Metro (MTRAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Metro Inc (OTCPK:MTRAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

62M:Germany MRU:Canada

Address

11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6

Website

https://www.metro.ca

Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaw and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in the provinces of Quebec and Ontario, with no presence in western Canada.

Metro (MTRAF) Headlines

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