European Wax Center (European Wax Center) Debt-to-Equity : 4.56 (As of Dec. 2023)

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What is European Wax Center Debt-to-Equity?

European Wax Center's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.2 Mil. European Wax Center's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $375.2 Mil. European Wax Center's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $83.3 Mil. European Wax Center's debt to equity for the quarter that ended in Dec. 2023 was 4.56.

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 European Wax Center's Debt-to-Equity or its related term are showing as below:

EWCZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 0.99 Max: 4.82
Current: 4.56

During the past 5 years, the highest Debt-to-Equity Ratio of European Wax Center was 4.82. The lowest was 0.72. And the median was 0.99.

EWCZ's Debt-to-Equity is ranked worse than
97.62% of 1638 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs EWCZ: 4.56

European Wax Center Debt-to-Equity Historical Data

The historical data trend for European Wax Center'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.

European Wax Center Debt-to-Equity Chart

European Wax Center Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.72

0.84

0.99

4.82

4.56

European Wax Center Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												4.82	4.08	3.82	3.83	4.56

Competitive Comparison of European Wax Center's Debt-to-Equity

For the Household & Personal Products subindustry, European Wax Center'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.

European Wax Center's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, European Wax Center's Debt-to-Equity distribution charts can be found below:

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

European Wax Center Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

European Wax Center'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
	=	(5.232	+	375.158)	/	83.342
	=	4.56

European Wax Center'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
	=	(5.232	+	375.158)	/	83.342
	=	4.56

European Wax Center (NAS:EWCZ) 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.

European Wax Center Debt-to-Equity Related Terms

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European Wax Center (European Wax Center) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » European Wax Center Inc (NAS:EWCZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5830 Granite Parkway, 3rd Floor, Plano, TX, USA, 75024

Website

https://www.waxcenter.com

European Wax Center Inc is a franchisor and operator of OOH waxing services. Its product sales consist of revenue earned from sales of proprietary wax.

Executives

Andrea Lyn Wasserman	officer: Chief Commercial Officer	C/O EUROPEAN WAX CENTER, INC., 5830 GRANITE PARKWAY, 3RD FLOOR, PLANO TX 75024
Stacie Shirley	officer: CFO	TUESDAY MORNING CORPORATION, 6250 LBJ FREEWAY, DALLAS TX 75240
Julie Hauser-blanner	officer: SVP Ops, Field Tr. & Ind. Eng.	C/O EUROPEAN WAX CENTER, INC., 5830 GRANITE PARKWAY, 3RD FLOOR, PLANO TX 75024
Ewc Holdings, Inc.	10 percent owner	15511 FISHER ISLAND DRIVE, FISHER ISLAND FL 37495
General Atlantic Partners Aiv-1 A, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055
Gapco Aiv Holdings, L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Ga Aiv-1 B Interholdco (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Genpar (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Partners Aiv (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Gapco Aiv Interholdco (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Partners Aiv-1 B, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055
Gap Coinvestments V, Llc	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic (spv) Gp, Llc	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Gap Coinvestments Iii, Llc	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055