Morrisons debt pile swells to £7.5bn as lease liabilities climb

Morrisons’ £7.52bn Debt: Why the Supermarket Is Still Under Pressure Five Years On

Morrisons’ net debt has risen from £7.07bn to £7.52bn.Lease obligations have climbed to £1.97bn, while preference share liabilities reached £2bn.Revenue increased, but underlying earnings remained flat at £835m as Lidl moved ahead of Morrisons.Morrisons is still carrying a £7.52bn debt burden, five years after its takeover by US private equity firm Clayton, Dubilier & Rice (CD&R), with new accounts showing how lease costs and other financial obl…

Morrisons debt hits £7.52bn following takeover

Supermarket balance sheet weighed down by fresh lease liabilities and mounting preference share obligations

Morrisons debt pile swells to £7.5bn as lease liabilities climb

Morrisons’ debt pile has climbed to £7.52bn as rising lease liabilities and preference share obligations weighed on the supermarket’s balance sheet. Net debt at Market Topco, the ultimate parent company…