STERIS plc (STE)
Debt-to-assets ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 10,146,800 | 11,063,700 | 10,821,800 | 11,452,600 | 6,574,470 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,146,800K
= 0.00
Based on the data provided, the debt-to-assets ratio of STERIS plc has been consistently reported as 0.00 for the fiscal years ending in March 31, from 2021 to 2024. The debt-to-assets ratio indicates the proportion of a company's assets that are financed through debt. A ratio of 0.00 suggests that the company has either no debt on its balance sheet or a negligible amount of debt relative to its total assets.
The absence of debt in the company's capital structure can be interpreted as a positive signal for investors and creditors, as it indicates a lower level of financial risk and potential for financial distress. STERIS plc's low debt-to-assets ratio may signify a conservative financial strategy focused on maintaining a strong balance sheet and financial stability.
However, it is important to note that the data for March 31, 2025 is indicated as "\u2014", which implies that the debt-to-assets ratio for that year is not available or not applicable. Without this final data point, we cannot draw conclusions about the trend in the company's debt financing over the years. Additionally, while a low debt-to-assets ratio can be favorable, it is crucial to consider other financial metrics and qualitative factors to assess the overall financial health and performance of STERIS plc.
Peer comparison
Mar 31, 2025