STERIS plc (STE)
Financial leverage ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 10,146,800 | 10,008,400 | 10,242,100 | 10,108,600 | 11,063,700 | 11,435,200 | 11,280,600 | 10,784,400 | 10,821,800 | 10,799,900 | 10,489,600 | 11,188,000 | 11,452,600 | 11,690,000 | 11,752,400 | 12,101,000 | 6,574,470 | 6,580,780 | 5,492,570 | 5,363,930 |
| Total stockholders’ equity | US$ in thousands | 6,615,760 | 6,416,100 | 6,593,490 | 6,354,600 | 6,302,160 | 6,415,400 | 6,189,170 | 6,178,370 | 6,087,170 | 6,048,520 | 5,802,060 | 6,419,130 | 6,544,640 | 6,623,670 | 6,544,930 | 6,574,580 | 3,891,470 | 3,878,190 | 3,662,460 | 3,489,710 |
| Financial leverage ratio | 1.53 | 1.56 | 1.55 | 1.59 | 1.76 | 1.78 | 1.82 | 1.75 | 1.78 | 1.79 | 1.81 | 1.74 | 1.75 | 1.76 | 1.80 | 1.84 | 1.69 | 1.70 | 1.50 | 1.54 |
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 shown some fluctuations over the past few years. The ratio has generally been within a range of 1.50 to 1.85, indicating that the company has been utilizing a moderate level of leverage in its capital structure.
From June 30, 2020, to March 31, 2025, the financial leverage ratio ranged from a low of 1.50 to a high of 1.85. It peaked at 1.85 on June 30, 2021, suggesting a higher level of long-term debt relative to equity at that point. However, the ratio gradually decreased and settled around 1.55 to 1.65 in the most recent periods, indicating a more stable capital structure.
Overall, the trend in the financial leverage ratio of STERIS plc indicates that the company has maintained a balanced approach to financing its operations with a mix of debt and equity, without taking on excessive leverage. This level of financial leverage suggests a relatively conservative approach to debt management, which may help support the company's financial stability and growth prospects.
Peer comparison
Mar 31, 2025