Rite Aid Long Term Debt to Equity Trend from 2010 to 2020

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Downward Rally

Rite Aid Long Term Debt to Equity is increasing over the years with slightly volatile fluctuation. Ongoing Long Term Debt to Equity is expected to grow to 4.71 this year. During the period from 2010 to 2020 Rite Aid Long Term Debt to Equity anual values regression line had geometric mean of 3.19 and mean square error of  0.29. Rite Aid Consolidated Income is expected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 1.9 Billion. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 800.6 M, whereas Gross Profit is expected to decline to about 6.1 B.

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Check Rite Aid financial statements over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 20.1 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 4.71 or PPandE Turnover of 14.79. This can be a perfect complement to check Rite Aid Valuation or Volatility. It can also complement various Rite Aid Technical models. Additionally, take a look at the analysis of Rite Aid Correlation with competitors.

Rite Aid Long Term Debt to Equity Marginal Breakdown

Showing smoothed Long Term Debt to Equity of Rite Aid with missing and latest data points interpolated.
Long Term Debt to Equity10 Years Trend
Increasing
Slightly volatile
 Long Term Debt to Equity 
      Timeline 

Rite Aid Long Term Debt to Equity Regression Statistics

Arithmetic Mean 3.24
Geometric Mean 3.19
Coefficient Of Variation 21.46
Mean Deviation 0.51
Median 2.93
Standard Deviation 0.70
Sample Variance 0.48
Range 1.78
R-Value 0.67
Mean Square Error 0.29
R-Squared 0.45
Significance 0.023258
Slope 0.14
Total Sum of Squares 4.85

Rite Aid Long Term Debt to Equity Over Time

2010  2.93 
2019  4.59 
2020  4.71 

About Rite Aid Financial Statement Charts

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.
 2010 2014 2019 2020 (projected)
Receivables949.06 M1.79 B1.29 B1.22 B
Inventories2.99 B1.87 B1.92 B2.57 B

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Additionally, take a look at the analysis of Rite Aid Correlation with competitors. Please also try CEO Directory module to screen ceos from public companies around the world.
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