Ingles Markets (Ingles Markets) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is Ingles Markets Debt-to-Equity?

Ingles Markets's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25 Mil. Ingles Markets's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $565 Mil. Ingles Markets's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,495 Mil. Ingles Markets's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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

IMKTA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 1.4 Max: 2.46
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Ingles Markets was 2.46. The lowest was 0.39. And the median was 1.40.

IMKTA's Debt-to-Equity is ranked better than
61.73% of 277 companies
in the Retail - Defensive industry
Industry Median: 0.65 vs IMKTA: 0.39

Ingles Markets Debt-to-Equity Historical Data

The historical data trend for Ingles Markets'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.

Ingles Markets Debt-to-Equity Chart

Ingles Markets Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

1.29

0.80

0.64

0.49

0.41

Ingles Markets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.46	0.44	0.42	0.41	0.39

Competitive Comparison of Ingles Markets's Debt-to-Equity

For the Grocery Stores subindustry, Ingles Markets'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.

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

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

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

Ingles Markets Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ingles Markets'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
	=	(25.757	+	569.709)	/	1458.972
	=	0.41

Ingles Markets's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(25.01	+	564.792)	/	1495.47
	=	0.39

Ingles Markets (NAS:IMKTA) 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.

Ingles Markets Debt-to-Equity Related Terms

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

Ingles Markets (Ingles Markets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ingles Markets Inc (NAS:IMKTA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IN3A:Germany

Address

2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711

Website

https://www.ingles-markets.com

Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.

Executives

Sharp Laura Ingle	director	2913 U.S. HWY. 70 WEST, BLACK MOUNTAIN NC 28711
Michael David Hogan	officer: President of Subsidiary Milkco	C/O INGLES MARKETS, INCORPORATED, P.O. BOX 6676, ASHEVILLE NC 28816
Patricia Jackson	officer: CFO	P.O. BOX 6676, ASHEVILLE NC 28816
James W Lanning	director, officer: President, other: Profit Sharing Plan Trustee
John R Lowden	director	140 GREENWICH AVE, GREENWICH CT 06830
Ernest E. Ferguson	director	P.O. BOX 6676, ASHEVILLE NC 28816
Fred Ayers	director	2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Brenda S Tudor	director, officer: VP Finance, Treasurer, CFO
L. Keith Collins	director	P.O. BOX 6676, ASHEVILLE NC 28816
Laura Anne Laxton Ingle 2011 Irrevocable Trust Dated September 8, 2011	10 percent owner	P.O. BOX 6676, ASHEVILLE NC 28816
Robert Ingle, Sr. Administrative Trust Uta Robert Pierce Ingle Living Trust Dated December 24, 2010	10 percent owner	2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Robert P Ingle	director, officer: Chairman and CEO, other: Profit Sharing Plan Trustee
Ingles Markets Inc Investment/profit Sharing Plan Trust	10 percent owner
Ronald B Freeman	director, officer: Chief Financial Officer, other: Profit Sharing Plan Trustee	P.O. BOX 6676, ASHEVILLE NC 28816
Ingle Robert P Ii	director, officer: VP - Operations	PO BOX 6676, ASHEVILLE NC 28816