The Debt Structure of Walgreens

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This 4 page paper discusses Walgreens' approach to managing long-term debt, which appears to be to avoid it entirely. The company is over 100 years old; it is a $34 billion operation that plans to have approximately 7,000 stores operating by 2010. It is the industry leader in its sector in prescription drug sales. The company has managed all this without incurring any long-term debt whatsoever. Walgreens makes a gross profit of $8 billion annually, and prefers this to debt financing. There are 4 sources listed in the bibliography.