George Weston (TSX:WN.PR.A.PFD) LT-Debt-to-Total-Asset : 0.38 (As of Jun. 2024)

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What is George Weston LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. George Weston's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.38.

George Weston's long-term debt to total assets ratio increased from Jun. 2023 (0.37) to Jun. 2024 (0.38). It may suggest that George Weston is progressively becoming more dependent on debt to grow their business.

George Weston LT-Debt-to-Total-Asset Historical Data

The historical data trend for George Weston's LT-Debt-to-Total-Asset 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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George Weston LT-Debt-to-Total-Asset Chart

George Weston Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.37

0.36

0.35

George Weston Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.35	0.35	0.36	0.38

George Weston LT-Debt-to-Total-Asset Calculation

George Weston's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	17204	/	49770
	=	0.35

George Weston's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	18662	/	49607
	=	0.38

George Weston (TSX:WN.PR.A.PFD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

George Weston LT-Debt-to-Total-Asset Related Terms

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George Weston Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » George Weston Ltd (TSX:WN.PR.A.PFD) » Definitions » LT-Debt-to-Total-Asset

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WNGRF:USA WN.PR.E.PFD:Canada WN.PR.D.PFD:Canada WN.PR.C.PFD:Canada WN:Canada

Address

22 St. Clair Avenue East, Suite 800, Legal Department, Toronto, ON, CAN, M4T 2S5

Website

https://www.weston.ca

George Weston is a holding company that controls a 53% stake in retailer Loblaw and a 62% stake in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages over 700 commercial and residential properties in Canada, generating roughly 60% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 65% stake.

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