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Pizza Pizza Royalty (TSX:PZA) Debt-to-Equity : 0.16 (As of Dec. 2023)


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What is Pizza Pizza Royalty Debt-to-Equity?

Pizza Pizza Royalty's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Pizza Pizza Royalty's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$46.98 Mil. Pizza Pizza Royalty's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$293.91 Mil. Pizza Pizza Royalty's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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

TSX:PZA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16   Med: 0.16   Max: 0.17
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Pizza Pizza Royalty was 0.17. The lowest was 0.16. And the median was 0.16.

TSX:PZA's Debt-to-Equity is ranked better than
90.07% of 302 companies
in the Restaurants industry
Industry Median: 0.945 vs TSX:PZA: 0.16

Pizza Pizza Royalty Debt-to-Equity Historical Data

The historical data trend for Pizza Pizza Royalty'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.

Pizza Pizza Royalty Debt-to-Equity Chart

Pizza Pizza Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.16 0.16 0.16 0.16

Pizza Pizza Royalty Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity 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 0.16 0.16 0.16 0.16 0.16

Competitive Comparison of Pizza Pizza Royalty's Debt-to-Equity

For the Restaurants subindustry, Pizza Pizza Royalty'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.

Pizza Pizza Royalty's Debt-to-Equity Distribution in the Restaurants Industry

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

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


Pizza Pizza Royalty Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pizza Pizza Royalty'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
=(0 + 46.976) / 293.908
=0.16

Pizza Pizza Royalty'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
=(0 + 46.976) / 293.908
=0.16

* 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.

Pizza Pizza Royalty  (TSX:PZA) 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.

Pizza Pizza Royalty Debt-to-Equity Related Terms

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

Pizza Pizza Royalty (TSX:PZA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Pizza Pizza Royalty Corp (TSX:PZA) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
PZRIF:USA
Address
500 Kipling Avenue, Toronto, ON, CAN, M8Z 5E5
Website
https://www.pizzapizza.ca
Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza 73 brands. It offers a flavorful, varied, and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians. The business activity of the group primarily functions in Canada.