What Does Walgreens Boots Alliance's Debt Look Like?
Portfolio Pulse from Benzinga Insights
Walgreens Boots Alliance Inc. (NASDAQ:WBA) has a total debt of $11.90 billion, with $8.84 billion in long-term debt and $3.06 billion in current debt. After adjusting for $871.00 million in cash-equivalents, the company has a net debt of $11.03 billion. The company's debt-ratio is at 0.12, considering its $98.61 billion in total assets. The debt-ratio indicates the degree of financial leverage a company has, and a higher ratio increases the risk of defaulting on loans.
July 14, 2023 | 1:45 pm
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Walgreens Boots Alliance has a significant amount of debt, with a net debt of $11.03 billion. The company's debt-ratio is 0.12, indicating a moderate level of financial leverage.
The company's significant debt level could potentially impact its financial stability, especially if interest rates were to increase. The debt-ratio of 0.12 indicates a moderate level of financial leverage, which could increase the risk of defaulting on loans. This could negatively impact the company's stock price in the short term.
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