Bullboard - Stock Discussion Forum Parkland Corp T.PKI

Alternate Symbol(s): PKIUF

Parkland Corporation is an international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas. The Company’s segments include Canada, International, USA and Refining. Its retail network meets the fuel and convenience needs of everyday consumers. It also provides a range of choices to help them lower their environmental impact. These include... see more

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TSX:PKI - Post Discussion

Parkland Corp > Debt versus Assets

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Post by DeanEdmonton on Mar 03, 2023 4:47pm

Debt versus Assets

https://www.parkland.ca/en

Decided totake a quick peek at the financial statements.

Total Assets, in millions - Dec 2022 14,288, goodwill 2,484, net 11,804, Debt 11,800. Dec 2021 total assets 11,550, Goodwill 2,191, net 9,359. Debt 9,218. Hard assets up 2.4 Billion, debt up 2.6 Billion . Leverage actually got worse in 2022. With a dollar of debt per dollar of hard assts, it makes me ask, what am I buying for the share price since everything exept the goodwill is pledged to creditors.

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