STERIS plc (STE)

Debt-to-capital ratio

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 6,615,760 6,302,160 6,087,170 6,544,640 3,891,470
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

March 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,615,760K)
= 0.00

The debt-to-capital ratio for STERIS plc has consistently stood at 0.00 from March 31, 2021, to March 31, 2024, indicating that the company has not had any debt in relation to its total capital during these years. However, for March 31, 2025, the data represented by "—," suggests missing or unavailable information. A debt-to-capital ratio of 0.00 generally signifies that the company has not relied on debt financing to support its operations and growth, which can be seen as a positive indicator of financial health and stability. It implies that the company's capital structure is primarily equity-based. Nonetheless, it is crucial to have complete data to fully assess the company's financial leverage and risk management strategies.