Spirit Pub Co (LSE:SPRT) Debt-to-Equity : 1.15 (As of Feb. 2015)

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What is Spirit Pub Co Debt-to-Equity?

Spirit Pub Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2015 was £12.9 Mil. Spirit Pub Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2015 was £807.4 Mil. Spirit Pub Co's Total Stockholders Equity for the quarter that ended in Feb. 2015 was £716.3 Mil. Spirit Pub Co's debt to equity for the quarter that ended in Feb. 2015 was 1.15.

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 Spirit Pub Co's Debt-to-Equity or its related term are showing as below:

LSE:SPRT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: 1.15

LSE:SPRT's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs LSE:SPRT: 1.15

Spirit Pub Co Debt-to-Equity Historical Data

The historical data trend for Spirit Pub Co'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.

Spirit Pub Co Debt-to-Equity Chart

Spirit Pub Co Annual Data

Trend

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Debt-to-Equity

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-3.75

0.98

1.70

1.46

1.14

Spirit Pub Co Semi-Annual Data
	Aug08	Aug09	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15
Debt-to-Equity	Get a 7-Day Free Trial							1.70	1.46	1.48	1.14	1.15

Competitive Comparison of Spirit Pub Co's Debt-to-Equity

For the Leisure subindustry, Spirit Pub Co'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.

Spirit Pub Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Spirit Pub Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Spirit Pub Co's Debt-to-Equity falls into.

Spirit Pub Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spirit Pub Co's Debt to Equity Ratio for the fiscal year that ended in Aug. 2014 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
	=	(14.7	+	813.6)	/	726.2
	=	1.14

Spirit Pub Co's Debt to Equity Ratio for the quarter that ended in Feb. 2015 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
	=	(12.9	+	807.4)	/	716.3
	=	1.15

Spirit Pub Co (LSE:SPRT) 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.

Spirit Pub Co Debt-to-Equity Related Terms

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Spirit Pub Co (LSE:SPRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Spirit Pub Co PLC (LSE:SPRT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.spiritpubcompany.com

Spirit Pub Co PLC was incorporated in England. The Company's trading activities are divided into two divisions; namely a Managed division and a Leased division. The Managed division involves pubs that are directly managed by the Group, and a Leased division which involves the granting of leases to licensees who run the pub as their own business, paying rent to the Group, purchasing beer and other drinks from the Group and entering into profit sharing arrangements for income from leisure machines. The Company holds 794 Managed pubs and 433 Leased pubs. The group operates solely in the United Kingdom.