Loblaw Companies Balance Sheet Health
Financial Health criteria checks 3/6
Loblaw Companies has a total shareholder equity of CA$11.6B and total debt of CA$8.7B, which brings its debt-to-equity ratio to 75%. Its total assets and total liabilities are CA$39.0B and CA$27.4B respectively. Loblaw Companies's EBIT is CA$3.6B making its interest coverage ratio 5.4. It has cash and short-term investments of CA$2.0B.
Key information
75.0%
Debt to equity ratio
CA$8.72b
Debt
Interest coverage ratio | 5.4x |
Cash | CA$1.95b |
Equity | CA$11.62b |
Total liabilities | CA$27.36b |
Total assets | CA$38.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LBLC.F's short term assets (CA$13.6B) exceed its short term liabilities (CA$10.8B).
Long Term Liabilities: LBLC.F's short term assets (CA$13.6B) do not cover its long term liabilities (CA$16.5B).
Debt to Equity History and Analysis
Debt Level: LBLC.F's net debt to equity ratio (58.2%) is considered high.
Reducing Debt: LBLC.F's debt to equity ratio has increased from 69.4% to 75% over the past 5 years.
Debt Coverage: LBLC.F's debt is well covered by operating cash flow (64.9%).
Interest Coverage: LBLC.F's interest payments on its debt are well covered by EBIT (5.4x coverage).