Loblaw Companies Balance Sheet Health
Financial Health criteria checks 3/6
Loblaw Companies has a total shareholder equity of CA$11.5B and total debt of CA$8.8B, which brings its debt-to-equity ratio to 76.2%. Its total assets and total liabilities are CA$39.3B and CA$27.8B respectively. Loblaw Companies's EBIT is CA$4.0B making its interest coverage ratio 5.9. It has cash and short-term investments of CA$1.5B.
Key information
76.2%
Debt to equity ratio
CA$8.75b
Debt
| Interest coverage ratio | 5.9x |
| Cash | CA$1.53b |
| Equity | CA$11.48b |
| Total liabilities | CA$27.79b |
| Total assets | CA$39.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: L8G's short term assets (CA$13.2B) exceed its short term liabilities (CA$10.3B).
Long Term Liabilities: L8G's short term assets (CA$13.2B) do not cover its long term liabilities (CA$17.5B).
Debt to Equity History and Analysis
Debt Level: L8G's net debt to equity ratio (62.9%) is considered high.
Reducing Debt: L8G's debt to equity ratio has increased from 69% to 76.2% over the past 5 years.
Debt Coverage: L8G's debt is well covered by operating cash flow (64.2%).
Interest Coverage: L8G's interest payments on its debt are well covered by EBIT (5.9x coverage).