Loblaw (STU:L8G) LT-Debt-to-Total-Asset : 0.40 (As of Sep. 2024)

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What is Loblaw LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Loblaw's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.40.

Loblaw's long-term debt to total assets ratio increased from Sep. 2023 (0.37) to Sep. 2024 (0.40). It may suggest that Loblaw is progressively becoming more dependent on debt to grow their business.

Loblaw LT-Debt-to-Total-Asset Historical Data

The historical data trend for Loblaw's LT-Debt-to-Total-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.

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Loblaw LT-Debt-to-Total-Asset Chart

Loblaw Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.39

0.38

0.39

0.38

Loblaw Quarterly Data
	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.38	0.39	0.41	0.40

Loblaw LT-Debt-to-Total-Asset Calculation

Loblaw's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	10023.023	/	26642.623
	=	0.38

Loblaw's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	10507.232	/	26114.101
	=	0.40

Loblaw (STU:L8G) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Loblaw LT-Debt-to-Total-Asset Related Terms

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Loblaw Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Loblaw Companies Ltd (STU:L8G) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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

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