SRT Marine Systems (LSE:SRT) Debt-to-Equity : 0.97 (As of Sep. 2023)

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What is SRT Marine Systems Debt-to-Equity?

SRT Marine Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £9.94 Mil. SRT Marine Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.64 Mil. SRT Marine Systems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £10.89 Mil. SRT Marine Systems's debt to equity for the quarter that ended in Sep. 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 SRT Marine Systems's Debt-to-Equity or its related term are showing as below:

LSE:SRT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.32 Max: 1.1
Current: 0.97

During the past 13 years, the highest Debt-to-Equity Ratio of SRT Marine Systems was 1.10. The lowest was 0.07. And the median was 0.32.

LSE:SRT's Debt-to-Equity is ranked worse than
85.67% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs LSE:SRT: 0.97

SRT Marine Systems Debt-to-Equity Historical Data

The historical data trend for SRT Marine Systems'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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SRT Marine Systems Debt-to-Equity Chart

SRT Marine Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.25

0.46

0.90

0.86

SRT Marine Systems Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.10	0.86	0.65	0.86	0.97

Competitive Comparison of SRT Marine Systems's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, SRT Marine Systems'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.

SRT Marine Systems's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, SRT Marine Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SRT Marine Systems's Debt-to-Equity falls into.

SRT Marine Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SRT Marine Systems's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(8.24	+	0.65)	/	10.308
	=	0.86

SRT Marine Systems's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(9.941	+	0.638)	/	10.893
	=	0.97

SRT Marine Systems (LSE:SRT) 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.

SRT Marine Systems Debt-to-Equity Related Terms

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SRT Marine Systems (LSE:SRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SRT Marine Systems PLC (LSE:SRT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6S7:Germany

Address

Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS

Website

http://www.srt-marine.com

SRT Marine Systems PLC develops and delivers advanced maritime domain awareness technologies, products, and systems, with expertise in Automatic Identification Systems. The company's major customers are system integrators, marine electronics companies, individual vessel operators, port owners and operators, and national authorities. The company currently operates in the following geographical markets: Europe, Middle East, North America, the United Kingdom, and others. The company has developed three core system products, VTS (ports, waterways, and infrastructure), VMS (Fisheries monitoring and management) and MDM (Coastal Surveillance) systems. Its largest end market by revenue is in the Middle East.