Sleep Country Canada Holdings (TSX:ZZZ) Debt-to-Equity : 1.15 (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Sleep Country Canada Holdings Debt-to-Equity?

Sleep Country Canada Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$38.5 Mil. Sleep Country Canada Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$449.3 Mil. Sleep Country Canada Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$423.8 Mil. Sleep Country Canada Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.15.

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 Sleep Country Canada Holdings's Debt-to-Equity or its related term are showing as below:

TSX:ZZZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.98 Max: 4.4
Current: 1.15

During the past 10 years, the highest Debt-to-Equity Ratio of Sleep Country Canada Holdings was 4.40. The lowest was 0.40. And the median was 0.98.

TSX:ZZZ's Debt-to-Equity is ranked worse than
72.61% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs TSX:ZZZ: 1.15

Sleep Country Canada Holdings Debt-to-Equity Historical Data

The historical data trend for Sleep Country Canada Holdings'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.

Sleep Country Canada Holdings Debt-to-Equity Chart

Sleep Country Canada Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.57

1.06

0.95

1.00

1.15

Sleep Country Canada Holdings 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															1.00	1.05	1.16	1.04	1.15

Competitive Comparison of Sleep Country Canada Holdings's Debt-to-Equity

For the Specialty Retail subindustry, Sleep Country Canada Holdings'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.

Sleep Country Canada Holdings's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sleep Country Canada Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sleep Country Canada Holdings's Debt-to-Equity falls into.

Sleep Country Canada Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sleep Country Canada Holdings'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
	=	(38.499	+	449.292)	/	423.755
	=	1.15

Sleep Country Canada Holdings'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
	=	(38.499	+	449.292)	/	423.755
	=	1.15

Sleep Country Canada Holdings (TSX:ZZZ) 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.

Sleep Country Canada Holdings Debt-to-Equity Related Terms

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

Sleep Country Canada Holdings (TSX:ZZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sleep Country Canada Holdings Inc (TSX:ZZZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SCCAF:USA 1S2:Germany

Address

7920 Airport Road, Brampton, ON, CAN, L6T 4N8

Website

https://www.sleepcountry.ca

Sleep Country Canada Holdings Inc is engaged in the retail of mattresses. It operates in the retail marketplace, offering mattresses and bedding-related products. The company operates in three segments Sleep Country/Dormez-vous, Endy, and Hush. The company sells bedding products such as bed frames, pillows, mattress pads, sheets, duvets, headboards, and footboards under brands like Sealy, Serta, Simmons, Kingsdown, Contour Collection, Tempur-Pedic, iComfort, Sunset Collection, Dormeo Octaspring, and Natura. The company operates only in Canada.