Step One Clothing (ASX:STP) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Step One Clothing Debt-to-Equity?

Step One Clothing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.53 Mil. Step One Clothing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.18 Mil. Step One Clothing's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$55.21 Mil. Step One Clothing's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Step One Clothing's Debt-to-Equity or its related term are showing as below:

ASX:STP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.07 Max: 0.07
Current: 0.07

During the past 3 years, the highest Debt-to-Equity Ratio of Step One Clothing was 0.07. The lowest was 0.07. And the median was 0.07.

ASX:STP's Debt-to-Equity is ranked better than
89.79% of 999 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs ASX:STP: 0.07

Step One Clothing Debt-to-Equity Historical Data

The historical data trend for Step One Clothing'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.

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Step One Clothing Debt-to-Equity Chart

Step One Clothing Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

Step One Clothing Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	-	-	-	-	0.07

Competitive Comparison of Step One Clothing's Debt-to-Equity

For the Apparel Retail subindustry, Step One Clothing'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.

Step One Clothing's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Step One Clothing's Debt-to-Equity falls into.

Step One Clothing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Step One Clothing's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0	+	0)	/	57.073
	=	0.00

Step One Clothing'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
	=	(3.528	+	0.178)	/	55.21
	=	0.07

Step One Clothing (ASX:STP) 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.

Step One Clothing Debt-to-Equity Related Terms

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

Step One Clothing (ASX:STP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Step One Clothing Ltd (ASX:STP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

J6H:Germany

Address

120 Chalmers Street, Surry Hills, Level 2, Sydney, NSW, AUS, 2010

Website

https://www.stepone.life

Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. The Group is organized into one operating segment: online retail sales.

Step One Clothing (ASX:STP) Headlines

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