Loblaw (TSX:L) Debt-to-Asset : 0.47 (As of Mar. 2024)

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What is Loblaw Debt-to-Asset?

Loblaw's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$3,098 Mil. Loblaw's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$15,029 Mil. Loblaw's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$38,234 Mil. Loblaw's debt to asset for the quarter that ended in Mar. 2024 was 0.47.

Loblaw Debt-to-Asset Historical Data

The historical data trend for Loblaw's Debt-to-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 Debt-to-Asset Chart

Loblaw Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.47

0.46

0.45

0.46

0.47

Loblaw Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.47	0.47	0.46	0.47	0.47

Competitive Comparison of Loblaw's Debt-to-Asset

For the Grocery Stores subindustry, Loblaw's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Retail - Defensive Industry

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

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

Loblaw Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3509	+	14664)	/	38979
	=	0.47

Loblaw's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3098	+	15029)	/	38234
	=	0.47

Loblaw (TSX:L) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Loblaw Debt-to-Asset Related Terms

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Loblaw (TSX:L) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LBLCF:USA 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 2,500 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
Mark William Henry Wilson	Senior Officer
Frank Gambioli	Senior Officer
Nicholas Henn	Senior Officer
Kieran Barry Columb	Senior Officer