STERIS plc (STE)

Debt-to-equity ratio

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 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Long-term debt US$ in thousands 3,120,160 3,231,080 3,366,240 2,860,120 3,018,660 3,001,580 2,873,940 2,846,450 2,945,480 3,175,320 3,421,510 3,256,710 1,650,540 1,713,200 1,020,550 1,022,160 1,150,520 1,136,960 1,187,200 1,210,000
Total stockholders’ equity US$ in thousands 6,302,160 6,415,400 6,178,070 6,168,290 6,077,200 6,038,310 5,802,060 6,407,550 6,532,360 6,611,190 6,535,640 6,574,580 3,880,990 3,866,990 3,647,140 3,474,660 3,405,360 3,382,680 3,228,670 3,236,900
Debt-to-equity ratio 0.50 0.50 0.54 0.46 0.50 0.50 0.50 0.44 0.45 0.48 0.52 0.50 0.43 0.44 0.28 0.29 0.34 0.34 0.37 0.37

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,120,160K ÷ $6,302,160K
= 0.50

The debt-to-equity ratio of STERIS plc has shown some fluctuation over the past few quarters. As of March 31, 2024, the ratio stands at 0.50, which indicates that the company had an equal amount of debt and equity in its capital structure. This ratio has been relatively stable around the 0.50 level in recent quarters, suggesting a balanced mix of debt and equity financing.

Looking back at previous periods, there was a slight increase in the ratio in the third quarter of 2023 to 0.54, followed by a decrease in the following quarters. The lowest ratio during the period analyzed was 0.28 in September 2020, indicating a lower level of debt relative to equity at that time.

Overall, the trend in the debt-to-equity ratio for STERIS plc shows some variability but has generally remained within a moderate range, reflecting a prudent approach to managing its financial leverage. Investors and analysts typically use this ratio to assess the company's financial risk and its reliance on debt funding, with a lower ratio indicating lower financial risk and a stronger equity position.


Peer comparison

Mar 31, 2024