George Weston (TSX:WN.PR.E.PFD) Debt-to-Equity

: 3.19 (As of Dec. 2023)

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George Weston's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$4,098.00 Mil. George Weston's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$17,204.00 Mil. George Weston's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$6,675.00 Mil. George Weston's debt to equity for the quarter that ended in Dec. 2023 was 3.19.

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

TSX:WN.PR.E.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.7 Med: 2.39 Max: 3.19
Current: 3.19

During the past 13 years, the highest Debt-to-Equity Ratio of George Weston was 3.19. The lowest was 1.70. And the median was 2.39.

TSX:WN.PR.E.PFD's Debt-to-Equity is ranked worse than
92.03% of 276 companies
in the Retail - Defensive industry
Industry Median: 0.65 vs TSX:WN.PR.E.PFD: 3.19

George Weston Debt-to-Equity Historical Data

The historical data trend for George Weston'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.

George Weston Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.78

2.67

2.80

3.02

3.19

George Weston 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																3.02	2.99	3.04	2.97	3.19

Competitive Comparison

For the Grocery Stores subindustry, George Weston'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.

George Weston Debt-to-Equity Distribution

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

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

George Weston Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

George Weston's Debt to Equity Ratio for the fiscal year 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
	=	(4098	+	17204)	/	6675
	=	3.19

George Weston'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
	=	(4098	+	17204)	/	6675
	=	3.19

George Weston (TSX:WN.PR.E.PFD) 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.

George Weston Debt-to-Equity Related Terms

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George Weston (TSX:WN.PR.E.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » George Weston Ltd (TSX:WN.PR.E.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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

Address

22 St. Clair Avenue East, Suite 1901, Toronto, ON, CAN, M4T 2S7

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 702 commercial and residential properties in Canada, generating 57% 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.

George Weston (TSX:WN.PR.E.PFD) Headlines

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