Wickes Group (LSE:WIX) Debt-to-Equity : 4.14 (As of Dec. 2023)

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What is Wickes Group Debt-to-Equity?

Wickes Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £80 Mil. Wickes Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £596 Mil. Wickes Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £163 Mil. Wickes Group's debt to equity for the quarter that ended in Dec. 2023 was 4.14.

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

LSE:WIX' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.07 Med: 4.17 Max: 6.09
Current: 4.14

During the past 6 years, the highest Debt-to-Equity Ratio of Wickes Group was 6.09. The lowest was 3.07. And the median was 4.17.

LSE:WIX's Debt-to-Equity is ranked worse than
94.21% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs LSE:WIX: 4.14

Wickes Group Debt-to-Equity Historical Data

The historical data trend for Wickes Group'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.

Wickes Group Debt-to-Equity Chart

Wickes Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.07

6.09

4.62

4.21

4.14

Wickes Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					4.62	4.29	4.21	4.08	4.14

Competitive Comparison of Wickes Group's Debt-to-Equity

For the Home Improvement Retail subindustry, Wickes Group'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.

Wickes Group's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

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

Wickes Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wickes Group'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
	=	(79.8	+	596)	/	163.3
	=	4.14

Wickes Group'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
	=	(79.8	+	596)	/	163.3
	=	4.14

Wickes Group (LSE:WIX) 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.

Wickes Group Debt-to-Equity Related Terms

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Wickes Group (LSE:WIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wickes Group PLC (LSE:WIX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WIXl:UK

Address

19 Colonial Way, Vision House, Watford, GBR, WD24 4JL

Website

https://www.wickesplc.co.uk

Wickes Group PLC is a digitally-led, service-enabled home improvement retailer, delivering choice, convenience, value service to customers across the United Kingdom. Its three key customers include the Local Trade, DIY and Do It For Me (DIFM). The company operates from its network of 232 right-sized stores, which support nationwide fulfilment from convenient locations throughout the United Kingdom, and through its digital channels including its website, TradePro mobile app for trade members and its DIY app. These digital channels allow customers to research and order an extended range of its products and services and arrange virtual and in-person design consultations. The company has a single operating segment.