Greggs (LSE:GRG) Debt-to-Equity : 0.60 (As of Dec. 2023)

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What is Greggs Debt-to-Equity?

Greggs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £53 Mil. Greggs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £267 Mil. Greggs's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £531 Mil. Greggs's debt to equity for the quarter that ended in Dec. 2023 was 0.60.

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

LSE:GRG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 0.68 Max: 0.91
Current: 0.6

During the past 13 years, the highest Debt-to-Equity Ratio of Greggs was 0.91. The lowest was 0.60. And the median was 0.68.

LSE:GRG's Debt-to-Equity is ranked better than
67% of 303 companies
in the Restaurants industry
Industry Median: 0.94 vs LSE:GRG: 0.60

Greggs Debt-to-Equity Historical Data

The historical data trend for Greggs'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.

Greggs Debt-to-Equity Chart

Greggs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.81

0.91

0.66

0.68

0.60

Greggs Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.66	0.74	0.68	0.66	0.60

Competitive Comparison of Greggs's Debt-to-Equity

For the Restaurants subindustry, Greggs'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.

Greggs's Debt-to-Equity Distribution in the Restaurants Industry

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

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

Greggs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greggs'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
	=	(52.5	+	267.1)	/	530.9
	=	0.60

Greggs'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
	=	(52.5	+	267.1)	/	530.9
	=	0.60

Greggs (LSE:GRG) 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.

Greggs Debt-to-Equity Related Terms

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

Greggs (LSE:GRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Greggs PLC (LSE:GRG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GGGSY:USA GRGl:UK 41G1:Germany

Address

Greggs House, Quorum Business Park, Newcastle upon Tyne, GBR, NE12 8BU

Website

https://www.greggs.co.uk

Greggs PLC is a U.K.-based company that is principally engaged in manufacturing, distributing, and retailing bakery goods, sandwiches, and drinks under the Greggs brand. The company focuses on the food-on-the-go market. It has a vertically integrated supply network, with its bakeries & delivery network. Greggs operates in two segments: Company-managed retail activities and B2B channels. Its shops are located in retail & industrial parks, motorway service stations, and travel hubs, to meet the demands of busy customers. The company generates all its revenue from the United Kingdom.

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