Park Lawn (TSX:PLC) Debt-to-Equity : 0.44 (As of Dec. 2023)

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What is Park Lawn Debt-to-Equity?

Park Lawn's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$8.0 Mil. Park Lawn's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$310.9 Mil. Park Lawn's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$720.7 Mil. Park Lawn's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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 Park Lawn's Debt-to-Equity or its related term are showing as below:

TSX:PLC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.4 Max: 0.71
Current: 0.44

During the past 13 years, the highest Debt-to-Equity Ratio of Park Lawn was 0.71. The lowest was 0.02. And the median was 0.40.

TSX:PLC's Debt-to-Equity is ranked better than
65.52% of 87 companies
in the Personal Services industry
Industry Median: 0.76 vs TSX:PLC: 0.44

Park Lawn Debt-to-Equity Historical Data

The historical data trend for Park Lawn'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.

Park Lawn Debt-to-Equity Chart

Park Lawn Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.37

0.48

0.31

0.44

Park Lawn Quarterly Data
	Mar19	Jun19	Sep19	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															0.44	0.45	0.49	0.52	0.44

Competitive Comparison of Park Lawn's Debt-to-Equity

For the Personal Services subindustry, Park Lawn'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.

Park Lawn's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Park Lawn's Debt-to-Equity distribution charts can be found below:

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

Park Lawn Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Park Lawn'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
	=	(8.027	+	310.933)	/	720.669
	=	0.44

Park Lawn'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
	=	(8.027	+	310.933)	/	720.669
	=	0.44

Park Lawn (TSX:PLC) 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.

Park Lawn Debt-to-Equity Related Terms

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

Park Lawn (TSX:PLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Park Lawn Corp (TSX:PLC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PRRWF:USA PL2:Germany

Address

2 St. Clair Avenue West, Suite 705, Toronto, ON, CAN, M4T 2T5

Website

https://www.parklawncorp.com

Park Lawn Corp provides goods and services associated with the disposition and memorialization of remains in Canada and the United States. It owns and operates cemeteries, crematoriums, and funeral homes, and funeral services business. The entity generates revenue from the sale of cemetery property interment rights, cemetery services and merchandise sales, and funeral services and merchandise sales. It operates in the United States and Canada, of which key revenue is generated from the United States.