STERIS plc (STE)
Debt-to-assets ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 10,146,800 | 10,008,400 | 10,242,100 | 10,108,600 | 11,063,700 | 11,435,200 | 11,280,600 | 10,784,400 | 10,821,800 | 10,799,900 | 10,489,600 | 11,188,000 | 11,452,600 | 11,690,000 | 11,752,400 | 12,101,000 | 6,574,470 | 6,580,780 | 5,492,570 | 5,363,930 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio of STERIS plc has consistently been reported as 0.00 over the past few quarters, including the most recent data available as of March 31, 2025. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets. This suggests that the company's financial structure is primarily equity financed, which can be viewed positively as it implies lower financial risk due to the absence of debt obligations. However, it is important to note that while a low debt-to-assets ratio is generally favorable, it may also indicate underutilization of debt financing which could potentially limit the company's ability to leverage its capital structure for growth or investment opportunities.
Peer comparison
Mar 31, 2025