The North West Co (TSX:NWC) Debt-to-EBITDA : 1.55 (As of Apr. 2026) — 14% Above Median

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.

TSX:NWC The North West Co Inc TSX:NWC
78 GF Score
Price C$49.35
GF Value C$48.56
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is The North West Co Debt-to-EBITDA?

The North West Co TSX:NWC -0.48% 78 Debt-to-EBITDA is 1.55 as of Apr. 2026, which is 14% above its 10-year median of 1.36. GuruFocus rates TSX:NWC with a GF Score™ of 78/100 and a GF Value™ of C$48.56 (Fairly Valued). The stock has 3 warning signs investors should review. Among 255 Retail - Defensive companies, The North West Co ranks better than 65.88% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

The North West Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was C$22 Mil. The North West Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was C$440 Mil. The North West Co's annualized EBITDA for the quarter that ended in Apr. 2026 was C$297 Mil. The North West Co's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2026 was 1.55.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for The North West Co's Debt-to-EBITDA or its related term are showing as below:

TSX:NWC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.12   Med: 1.36   Max: 2.61
Current: 1.37

During the past 13 years, the highest Debt-to-EBITDA Ratio of The North West Co was 2.61. The lowest was 1.12. And the median was 1.36.

TSX:NWC's Debt-to-EBITDA is ranked better than
65.88% of 255 companies
in the Retail - Defensive industry
Industry Median: 2.23 vs TSX:NWC: 1.37

The North West Co  (TSX:NWC) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


The North West Co Debt-to-EBITDA Related Terms


The North West Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for The North West Co's Debt-to-EBITDA 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.

The North West Co Debt-to-EBITDA Chart

The North West Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 1.44 1.34 1.30 1.32

The North West Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Debt-to-EBITDA 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 1.50 1.29 1.34 1.23 1.55

TSX:NWC vs KR, SFM, ACI: Debt-to-EBITDA Comparison

For the Grocery Stores subindustry, The North West Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


The North West Co Debt-to-EBITDA vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The North West Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where The North West Co's Debt-to-EBITDA falls into.


TSX:NWC
78GF Score
The North West Co Inc TSX:NWC
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The North West Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

The North West Co's Debt-to-EBITDA for the fiscal year that ended in Jan. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(20.408 + 418.542) / 333.192
=1.32

The North West Co's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(21.694 + 440.146) / 297.432
=1.55

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Apr. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.55 mean?
The North West Co (TSX:NWC) has a Debt-to-EBITDA of 1.55 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on The North West Co. This is 14% above median its historical median of 1.36. Over the past decade, The North West Co's Debt-to-EBITDA has ranged from 1.12 to 2.61. According to the industry distribution chart, The North West Co ranks #87 out of 255 companies in the Retail - Defensive industry, placing it in the top 34.1%.
Is The North West Co's Debt-to-EBITDA too high?
The North West Co's current Debt-to-EBITDA of 1.55 is 14% above median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 2.61. The Retail - Defensive industry median Debt-to-EBITDA is 2.23. The North West Co's value of 1.55 is 30.5% below this industry median. Based on the distribution chart, The North West Co ranks #87 out of 255 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, The North West Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The North West Co's Debt-to-EBITDA compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, The North West Co ranks #87 out of 255 companies for Debt-to-EBITDA. This puts The North West Co in the upper half of its industry. The industry median Debt-to-EBITDA is 2.23. The North West Co's value of 1.55 is 30.5% below this benchmark. Historically, The North West Co's own Debt-to-EBITDA has ranged from 1.12 to 2.61 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 2.23, The North West Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Retail - Defensive company?
The median Debt-to-EBITDA among Retail - Defensive companies is 2.23, based on 255 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The North West Co's current Debt-to-EBITDA of 1.55 is 30.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on The North West Co. For the Retail - Defensive industry, the median Debt-to-EBITDA is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The North West Co's current Debt-to-EBITDA is 1.55, which is 14% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The North West Co stock overvalued right now?
Based on GuruFocus' analysis, The North West Co (TSX:NWC) is currently considered Fairly Valued. The stock's GF Value™ is C$48.56, compared to a current price of C$49.35 — trading 1.6% above its estimated fair value. The current Debt-to-EBITDA is 1.55, which is 14% above median its 10-year median of 1.36 and 30.5% below the Retail - Defensive industry median of 2.23. The North West Co's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For The North West Co (TSX:NWC), the current Debt-to-EBITDA is 1.55 as of Apr. 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 The North West Co (TSX:NWC) Overvalued in 2026?

Based on GuruFocus' analysis, The North West Co stock appears to be overvalued. The current stock price of C$49.35 is trading 1.6% above its estimated GF Value™ of C$48.56. GuruFocus considers The North West Co to be Fairly Valued.

Key valuation signals for TSX:NWC:

  • Debt-to-EBITDA: 1.55 (14% above median its 10-year median of 1.36)
  • GF Value™: C$48.56 vs. price of C$49.35 (1.6% above fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 30.5% below the Retail - Defensive median (#87 of 255)

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


The North West Co Business Description

Other Exchanges NNWWF:USA3NW:Germany
Address 77 Main Street, Gibraltar House, Winnipeg, MB, CAN, R3C 2R1
The North West Co Inc is a retailer to rural and remote communities and underserved urban neighbourhood markets in Northern Canada, Western Canada, rural Alaska, the South Pacific islands, and the Caribbean. The Company offers a broad Multiple products and services with an emphasis on food, focusing on everyday household and local lifestyle needs. It operates as a retailer of food and everyday products and services through two geographical segments: Canadian and International. The Canadian segment generates maximum revenue and consists of subsidiaries operating retail stores and complementary businesses serving northern Canada, while the International segment consists of subsidiaries operating in the continental United States, the Caribbean, and the South Pacific.
78GF Score

Get the complete analysis for TSX:NWC

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

C$49.35
Price
C$48.56
GF Value