STERIS plc (STE)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,615,760K
= 0.00
The debt-to-equity ratio for STERIS plc has consistently remained at 0.00 from March 31, 2021, to March 31, 2024. This indicates that the company has been financing its operations primarily through equity rather than debt during this period. However, the data for March 31, 2025, is indicated as "—," suggesting that there may not be available data for that period.
A debt-to-equity ratio of 0.00 signifies that the company has either no debt or a very minimal amount of debt in relation to its equity. This can be a positive indicator for investors and creditors, as it suggests a lower financial risk and potentially greater financial stability. It also reflects a conservative approach to leveraging, which may be beneficial in uncertain economic conditions.
Overall, STERIS plc's consistent 0.00 debt-to-equity ratio over the years demonstrates a strong financial position and prudent financial management. Further evaluation would be necessary once data for March 31, 2025, becomes available to assess any potential changes in the company's capital structure.
Peer comparison
Mar 31, 2025