Empire Co (TSX:EMP.A) Debt-to-Equity

: 1.37 (As of Jan. 2024)

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Empire Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$704 Mil. Empire Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$6,581 Mil. Empire Co's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$5,321 Mil. Empire Co's debt to equity for the quarter that ended in Jan. 2024 was 1.37.

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

TSX:EMP.A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.63 Max: 1.91
Current: 1.37

During the past 13 years, the highest Debt-to-Equity Ratio of Empire Co was 1.91. The lowest was 0.37. And the median was 0.63.

TSX:EMP.A's Debt-to-Equity is ranked worse than
75% of 276 companies
in the Retail - Defensive industry
Industry Median: 0.65 vs TSX:EMP.A: 1.37

Empire Co Debt-to-Equity Historical Data

The historical data trend for Empire Co'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.

Empire Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

0.51

1.77

1.63

1.50

1.40

Empire Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity																1.40	1.40	1.33	1.34	1.37

Competitive Comparison

For the Grocery Stores subindustry, Empire Co'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.

Empire Co Debt-to-Equity Distribution

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

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

Empire Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Empire Co's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(737.7	+	6532.2)	/	5200.4
	=	1.40

Empire Co's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(703.8	+	6581.2)	/	5320.8
	=	1.37

Empire Co (TSX:EMP.A) 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.

Empire Co Debt-to-Equity Related Terms

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Empire Co (TSX:EMP.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Empire Co Ltd (TSX:EMP.A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EMLAF:USA C15:Germany

Address

115 King Street, Stellarton, NS, CAN, B0K 1S0

Website

https://www.empireco.ca

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire's subsidiary Sobeys and represents nearly all of the company's income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations. The company's investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.

Empire Co (TSX:EMP.A) Headlines

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