Imperial Brands (LSE:IMB) Debt-to-Equity

: 1.62 (As of Sep. 2023)

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Imperial Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £1,580 Mil. Imperial Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £8,150 Mil. Imperial Brands's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £6,021 Mil. Imperial Brands's debt to equity for the quarter that ended in Sep. 2023 was 1.62.

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

LSE:IMB' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.5 Med: 2.14 Max: 2.76
Current: 1.62

During the past 13 years, the highest Debt-to-Equity Ratio of Imperial Brands was 2.76. The lowest was 1.50. And the median was 2.14.

LSE:IMB's Debt-to-Equity is ranked worse than
89.19% of 37 companies
in the Tobacco Products industry
Industry Median: 0.28 vs LSE:IMB: 1.62

Imperial Brands Debt-to-Equity Historical Data

The historical data trend for Imperial Brands'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.

Imperial Brands Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

2.76

2.45

1.88

1.50

1.62

Imperial Brands Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity																1.88	1.86	1.50	1.89	1.62

Competitive Comparison

For the Tobacco subindustry, Imperial Brands'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.

Imperial Brands Debt-to-Equity Distribution

For the Tobacco Products industry and Consumer Defensive sector, Imperial Brands's Debt-to-Equity distribution charts can be found below:

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

Imperial Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Imperial Brands'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
	=	(1580	+	8150)	/	6021
	=	1.62

Imperial Brands's Debt to Equity Ratio for the quarter 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
	=	(1580	+	8150)	/	6021
	=	1.62

Imperial Brands (LSE:IMB) 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.

Imperial Brands Debt-to-Equity Related Terms

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Imperial Brands (LSE:IMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Imperial Brands PLC (LSE:IMB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IMBBY:USA IMBBF:USA IMBl:UK ITBA:Germany ITB:Germany ITB:Germany ITBA:Germany ITB:Germany

Address

121 Winterstoke Road, Bristol, GBR, BS3 2LL

Website

https://www.imperialbrandsplc.com

Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco) with total fiscal 2023 volume of 198 billion cigarettes sold in more than 160 countries. The firm holds a leading global position in the fine-cut tobacco and hand-rolling paper categories, and it has a logistics platform in Western Europe, Altadis. Through acquisition, Imperial is the third-largest manufacturer in the U.S. and owns the Winston and blu brands.

Imperial Brands (LSE:IMB) Headlines

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