Rite Aid Corp. has a total debt load of $25.5 billion. This includes debt from its subsidiaries, such as ALK-Abbott Laboratories, its pharmacy benefit manager, and its wholly owned subsidiary, Rite Aid Corporation.
The company’s debt has been rising rapidly in recent years, as it has attempted to expand its operations and compete with larger rivals. Rite Aid’s debt is now more than twice the size of its annual earnings. This high debt load has caused the company to face financial difficulties in the past, and it is likely to continue doing so in the future.
