STERIS plc (STE)
Financial leverage ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 10,146,800 | 11,063,700 | 10,821,800 | 11,452,600 | 6,574,470 |
| Total stockholders’ equity | US$ in thousands | 6,615,760 | 6,302,160 | 6,087,170 | 6,544,640 | 3,891,470 |
| Financial leverage ratio | 1.53 | 1.76 | 1.78 | 1.75 | 1.69 |
March 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $10,146,800K ÷ $6,615,760K
= 1.53
The financial leverage ratio of STERIS plc has been showing a generally increasing trend over the past few years, starting at 1.69 as of March 31, 2021, and reaching 1.76 as of March 31, 2024. This indicates that the company is relying more on debt financing compared to equity to support its operations and growth.
The slight fluctuations in the ratio suggest that STERIS plc has been actively managing its capital structure. The increase in the financial leverage ratio may imply that the company is taking on more debt to fund its expansion or investment opportunities.
However, it is noteworthy that the data for March 31, 2025, is missing, denoted by a dash. This missing data point makes it difficult to provide a comprehensive analysis of the latest financial leverage ratio and assess the current financial position of the company.
In conclusion, the upward trend in the financial leverage ratio of STERIS plc signals a higher level of financial risk associated with increased debt levels. It is crucial for investors and stakeholders to monitor how the company manages its leverage to ensure sustainable growth and financial stability.
Peer comparison
Mar 31, 2025