Rite Aid Long Term Debt to Equity Trend from 2010 to 2021

RAD -  USA Stock  

USD 15.28  0.12  0.79%

Rite Aid Long Term Debt to Equity is increasing over the years with slightly volatile fluctuation. Ongoing Long Term Debt to Equity is projected to grow to 5.05 this year. During the period from 2010 to 2021 Rite Aid Long Term Debt to Equity anual values regression line had geometric mean of 3.35 and mean square error of  0.42. Rite Aid Earning Before Interest and Taxes EBIT is projected to increase significantly based on the last few years of reporting. The past year's Earning Before Interest and Taxes EBIT was at 741.99 Million. The current year Interest Expense is expected to grow to about 363.4 M, whereas Gross Profit is forecasted to decline to about 6.1 B.

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Check Rite Aid financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Rite Aid main balance sheet or income statement drivers, such as Direct Expenses of 19.2 B, Consolidated Income of 2 B or Cost of Revenue of 15.9 B, as well as many exotic indicators such as Interest Coverage of 0.39, Long Term Debt to Equity of 5.05 or PPandE Turnover of 20.22. Rite Aid financial statements analysis is a perfect complement when working with Rite Aid Valuation or Volatility modules. It can also supplement various Rite Aid Technical models. Additionally, take a look at the analysis of Rite Aid Correlation against competitors.
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About Rite Aid Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Rite Aid income statement, its balance sheet, and the statement of cash flows. Rite Aid investors use historical funamental indicators, such as Rite Aid's Long Term Debt to Equity, to determine how well the company is positioned to perform in the future. Although Rite Aid investors may use each financial statement separately, they are all related. The changes in Rite Aid's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Rite Aid's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Rite Aid Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Rite Aid. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Long Term Debt to Equity 5.01  5.05 
Average Equity-1.6 B-1.7 B
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation was founded in 1962 and is headquartered in Camp Hill, Pennsylvania. Rite Aid operates under Pharmaceutical Retailers classification in the United States and is traded on New York Stock Exchange. It employs 50000 people.

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Additionally, take a look at the analysis of Rite Aid Correlation against competitors. Note that the Rite Aid Corp information on this page should be used as a complementary analysis to other Rite Aid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

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When running Rite Aid Corp price analysis, check to measure Rite Aid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rite Aid is operating at the current time. Most of Rite Aid's value examination focuses on studying past and present price action to predict the probability of Rite Aid's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Rite Aid's price. Additionally, you may evaluate how the addition of Rite Aid to your portfolios can decrease your overall portfolio volatility.
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The market value of Rite Aid Corp is measured differently than its book value, which is the value of Rite Aid that is recorded on the company's balance sheet. Investors also form their own opinion of Rite Aid's value that differs from its market value or its book value, called intrinsic value, which is Rite Aid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rite Aid's market value can be influenced by many factors that don't directly affect Rite Aid Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rite Aid's value and its price as these two are different measures arrived at by different means. Investors typically determine Rite Aid value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rite Aid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.