Loblaw (TSX:L) Debt-to-Equity : 1.66 (As of Sep. 2024)

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What is Loblaw Debt-to-Equity?

Loblaw's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$2,954 Mil. Loblaw's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$15,797 Mil. Loblaw's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$11,288 Mil. Loblaw's debt to equity for the quarter that ended in Sep. 2024 was 1.66.

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

TSX:L' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 1.46 Max: 1.66
Current: 1.66

During the past 13 years, the highest Debt-to-Equity Ratio of Loblaw was 1.66. The lowest was 0.75. And the median was 1.46.

TSX:L's Debt-to-Equity is ranked worse than
82.81% of 285 companies
in the Retail - Defensive industry
Industry Median: 0.55 vs TSX:L: 1.66

Loblaw Debt-to-Equity Historical Data

The historical data trend for Loblaw'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.

Loblaw Debt-to-Equity Chart

Loblaw Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.51

1.43

1.56

1.59

Loblaw Quarterly Data
	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.55	1.59	1.63	1.66	1.66

Competitive Comparison of Loblaw's Debt-to-Equity

For the Grocery Stores subindustry, Loblaw'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.

Loblaw's Debt-to-Equity Distribution in the Retail - Defensive Industry

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

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

Loblaw Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Loblaw'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
	=	(3509	+	14664)	/	11464
	=	1.59

Loblaw's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(2954	+	15797)	/	11288
	=	1.66

Loblaw (TSX:L) 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.

Loblaw Debt-to-Equity Related Terms

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Loblaw Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Loblaw Companies Ltd (TSX:L) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LBLCF:USA L8G:Germany L.PR.B.PFD:Canada

Address

1 President’s Choice Circle, Brampton, ON, CAN, L6Y 5S5

Website

https://www.loblaw.ca

Loblaw is Canada's largest retailer, operating 2,460 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program and also offers credit cards and insurance brokerage, which are collectively referred to as financial services. George Weston is Loblaw's controlling shareholder with a 53% stake.

Executives

Jeffrey Francis Leger	Senior Officer
Robert Wayne Wiebe	Senior Officer
Kieran Barry Columb	Senior Officer
Mark William Henry Wilson	Senior Officer
Frank Gambioli	Senior Officer
Nicholas Henn	Senior Officer
Gregory Mark Ramier	Senior Officer
David Markwell	Senior Officer
M. Marianne Harris	Director, Director or Senior Officer of 10% Security Holder
Richard Dufresne	Director or Senior Officer of 10% Security Holder, Senior Officer
Willard Galen Garfield Weston	Director, Director or Senior Officer of 10% Security Holder
Jocyanne C. Bourdeau	Senior Officer
Uwe Stueckmann	Senior Officer
William Downe	Director
Darren Myers	Senior Officer