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