Pick N Pay Stores (JSE:PIK) Debt-to-Equity : 11.11 (As of Aug. 2023)

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What is Pick N Pay Stores Debt-to-Equity?

Pick N Pay Stores's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R6,466 Mil. Pick N Pay Stores's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R20,854 Mil. Pick N Pay Stores's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R2,460 Mil. Pick N Pay Stores's debt to equity for the quarter that ended in Aug. 2023 was 11.10.

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 Pick N Pay Stores's Debt-to-Equity or its related term are showing as below:

JSE:PIK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 5.92 Max: 11.11
Current: 11.11

During the past 13 years, the highest Debt-to-Equity Ratio of Pick N Pay Stores was 11.11. The lowest was 0.51. And the median was 5.92.

JSE:PIK's Debt-to-Equity is ranked worse than
98.4% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.63 vs JSE:PIK: 11.11

Pick N Pay Stores Debt-to-Equity Historical Data

The historical data trend for Pick N Pay Stores'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.

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Pick N Pay Stores Debt-to-Equity Chart

Pick N Pay Stores Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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6.08

6.28

6.39

6.16

6.29

Pick N Pay Stores Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial															7.91	6.16	7.28	6.29	11.11

Competitive Comparison of Pick N Pay Stores's Debt-to-Equity

For the Department Stores subindustry, Pick N Pay Stores'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.

Pick N Pay Stores's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pick N Pay Stores's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pick N Pay Stores's Debt-to-Equity falls into.

Pick N Pay Stores Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pick N Pay Stores's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(8140.2	+	15133.2)	/	3702.8
	=	6.29

Pick N Pay Stores's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(6465.7	+	20854.3)	/	2460.2
	=	11.10

Pick N Pay Stores (JSE:PIK) 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.

Pick N Pay Stores Debt-to-Equity Related Terms

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Pick N Pay Stores (JSE:PIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pick N Pay Stores Ltd (JSE:PIK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PIK:Germany

Address

101 Rosmead Avenue, Pick n Pay Office Park, Kenilworth, Cape Town, WC, ZAF, 7708

Website

https://www.pnp.co.za

Pick N Pay Stores Ltd is a South African multiformat and multichannel retailer. The company operates in South Africa, Namibia, Botswana, Zambia, Mozambique, Mauritius, Swaziland, and Lesotho. The company offers food and groceries, clothing, general merchandise, and services across multiple store formats, both franchised and owned. The customer base is mainly represented by middle-income South African consumer. The portfolio of stores is composed of supermarkets, hypermarkets, local shops, express shops, clothing shops, liquor stores, pharmacies, and an Internet shopping platform.