Smiths News (Smiths News) Debt-to-Equity : -3.89 (As of Aug. 2023)

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What is Smiths News Debt-to-Equity?

Smiths News's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $19 Mil. Smiths News's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $62 Mil. Smiths News's Total Stockholders Equity for the quarter that ended in Aug. 2023 was $-21 Mil. Smiths News's debt to equity for the quarter that ended in Aug. 2023 was -3.89.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Smiths News's Debt-to-Equity or its related term are showing as below:

SMWPY' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.89 Med: -1.87 Max: 17.86
Current: -3.89

During the past 13 years, the highest Debt-to-Equity Ratio of Smiths News was 17.86. The lowest was -3.89. And the median was -1.87.

SMWPY's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.28 vs SMWPY: -3.89

Smiths News Debt-to-Equity Historical Data

The historical data trend for Smiths News's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Smiths News Debt-to-Equity Chart

Smiths News Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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-1.32

-2.00

-1.74

-2.33

-3.89

Smiths News Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial															-1.74	-2.30	-2.33	-2.71	-3.89

Competitive Comparison of Smiths News's Debt-to-Equity

For the Publishing subindustry, Smiths News's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Smiths News's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Smiths News's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Smiths News's Debt-to-Equity falls into.

Smiths News Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Smiths News's Debt to Equity Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(18.933	+	61.626)	/	-20.712
	=	-3.89

Smiths News's Debt to Equity Ratio for the quarter that ended in Aug. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(18.933	+	61.626)	/	-20.712
	=	-3.89

Smiths News (OTCPK:SMWPY) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Smiths News Debt-to-Equity Related Terms

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Smiths News (Smiths News) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smiths News PLC (OTCPK:SMWPY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SNWSl:UK CNCT.GB:UK SNWS:UK T6N:Germany

Address

Rowan House, Cherry Orchard North, Kembrey Park, Swindon, Wiltshire, GBR, SN2 8UH

Website

https://www.smithsnews.co.uk

Smiths News PLC is a UK-based wholesale distributor of published content. The group is one of the UK's foremost publishers of newspapers and magazines, and it also operates as a book distributor through bookstores and an online platform serving the needs of academics and public libraries. Geographically, it derives a majority of revenue from the United Kingdom. Its segments include Smiths News Core; Dawson Media Direct (DMD); Instore and others.