Spirax-Sarco Engineering (Spirax-Sarco Engineering) Debt-to-Equity : 0.97 (As of Dec. 2023)

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What is Spirax-Sarco Engineering Debt-to-Equity?

Spirax-Sarco Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $209 Mil. Spirax-Sarco Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,213 Mil. Spirax-Sarco Engineering's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,464 Mil. Spirax-Sarco Engineering's debt to equity for the quarter that ended in Dec. 2023 was 0.97.

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 Spirax-Sarco Engineering's Debt-to-Equity or its related term are showing as below:

SPXSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.67 Max: 0.97
Current: 0.97

During the past 13 years, the highest Debt-to-Equity Ratio of Spirax-Sarco Engineering was 0.97. The lowest was 0.18. And the median was 0.67.

SPXSF's Debt-to-Equity is ranked worse than
86.53% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs SPXSF: 0.97

Spirax-Sarco Engineering Debt-to-Equity Historical Data

The historical data trend for Spirax-Sarco Engineering'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.

Spirax-Sarco Engineering Debt-to-Equity Chart

Spirax-Sarco Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.81

0.60

0.46

0.93

0.97

Spirax-Sarco Engineering Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.46	0.52	0.93	1.04	0.97

Competitive Comparison of Spirax-Sarco Engineering's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Spirax-Sarco Engineering'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.

Spirax-Sarco Engineering's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spirax-Sarco Engineering's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Spirax-Sarco Engineering's Debt-to-Equity falls into.

Spirax-Sarco Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spirax-Sarco Engineering's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(208.861	+	1212.785)	/	1464.43
	=	0.97

Spirax-Sarco Engineering's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(208.861	+	1212.785)	/	1464.43
	=	0.97

Spirax-Sarco Engineering (OTCPK:SPXSF) 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.

Spirax-Sarco Engineering Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Spirax-Sarco Engineering's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Spirax-Sarco Engineering (Spirax-Sarco Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spirax-Sarco Engineering PLC (OTCPK:SPXSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SPXSY:USA SPXl:UK SPX:UK 1LNB:Germany

Address

Cirencester Road, Charlton House, Cheltenham, Gloucestershire, GBR, GL53 8ER

Website

https://www.spiraxsarcoengineering.com

Spirax-Sarco is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax-Sarco has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.

Spirax-Sarco Engineering (Spirax-Sarco Engineering) Headlines

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