Marston's (LSE:MARS) Debt-to-Asset : 0.54 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSE:MARS Marston's PLC LSE:MARS
47 GF Score
Price £0.52
GF Value £0.39
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Marston's Debt-to-Asset?

Marston's LSE:MARS 47 Debt-to-Asset is 0.54 as of Mar. 2026. GuruFocus rates LSE:MARS with a GF Score™ of 47/100 and a GF Value™ of £0.39 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Marston's's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was £63.4 Mil. Marston's's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was £1,194.0 Mil. Marston's's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was £2,344.3 Mil. Marston's's debt to asset for the quarter that ended in Mar. 2026 was 0.54.

Marston's  (LSE:MARS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Marston's Debt-to-Asset Related Terms

Marston's Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Marston's's Debt-to-Asset 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.

Marston's Debt-to-Asset Chart

Marston's Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 0.64 0.65 0.59 0.54

Marston's Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.65 0.59 0.58 0.54 0.54

LSE:MARS vs MCD, SBUX, CMG: Debt-to-Asset Comparison

For the Restaurants subindustry, Marston's's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Marston's Debt-to-Asset vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Marston's's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Marston's's Debt-to-Asset falls into.


LSE:MARS
47GF Score
Marston's PLC LSE:MARS
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marston's Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Marston's's Debt-to-Asset for the fiscal year that ended in Sep. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(62.2 + 1179.3) / 2316.3
=0.54

Marston's's Debt-to-Asset for the quarter that ended in Mar. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(63.4 + 1194) / 2344.3
=0.54

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.54 mean?
Marston's (LSE:MARS) has a Debt-to-Asset of 0.54 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Marston's and its competitors.
Is Marston's' Debt-to-Asset too high?
Marston's' current Debt-to-Asset is 0.54. Overall, Marston's has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marston's' Debt-to-Asset compare to MCD and SBUX?
Marston's' Debt-to-Asset of 0.54 can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Restaurants company?
A good Debt-to-Asset depends on the Restaurants industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Marston's and its competitors. Marston's's current Debt-to-Asset is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marston's stock overvalued right now?
Based on GuruFocus' analysis, Marston's (LSE:MARS) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.39, compared to a current price of £0.52 — trading 34.4% above its estimated fair value. The current Debt-to-Asset is 0.54. Marston's' overall GF Score™ is 47/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Marston's (LSE:MARS), the current Debt-to-Asset is 0.54 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marston's (LSE:MARS) Overvalued in 2026?

Based on GuruFocus' analysis, Marston's stock appears to be overvalued. The current stock price of £0.52 is trading 34.4% above its estimated GF Value™ of £0.39. GuruFocus considers Marston's to be Significantly Overvalued.

Key valuation signals for LSE:MARS:

  • Debt-to-Asset: 0.54
  • GF Value™: £0.39 vs. price of £0.52 (34.4% above fair value)
  • GF Score™: 47/100 with 5 warning signs

No single metric tells the full story. See the LSE:MARS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Marston's Business Description

Other Exchanges MARZF:USAMARSl:UK
Address Saint Johns Square, Saint Johns House, Wolverhampton, GBR, WV1 4JT
Marston's PLC is a beer brewer and pub operator. It operates more than 1,500 pubs across the United Kingdom under brand names including Marston's Two For One, Milestone Rotisserie, Pitcher & Piano, and Revere. It also licenses and franchises more than 500 other taverns, and it has some locations that offer lodging. The company has five breweries that distribute its beer brands for sale to both out-of-home and at-home customers. Its key beer brands include Hobgoblin, Marston's Pedigree, Wainwright, Ringwood, Brakspear, and Banks's. Roughly 20% of the company's revenue comes from the brewing business; the rest comes from its pub businesses. Virtually all revenue is generated in the United Kingdom.
47GF Score

Get the complete analysis for LSE:MARS

Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.52
Price
£0.39
GF Value