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PSS World Medical, Inc. (NAS:PSSI)
Debt to Equity
1.13 (As of Sep. 2012)

PSS World Medical, Inc.'s current portion of long-term debt for the quarter that ended in Sep. 2012 was $0 Mil. PSS World Medical, Inc.'s long-term debt for the quarter that ended in Sep. 2012 was $460 Mil. PSS World Medical, Inc.'s total equity for the quarter that ended in Sep. 2012 was $408 Mil. PSS World Medical, Inc.'s debt to equity for the quarter that ended in Sep. 2012 was 1.13.

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.


Definition

Debt to Equity measures the financial leverage a company has.

PSS World Medical, Inc.'s Debt to Equity Ratio for the fiscal year that ended in Mar. 2012 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(0 + 454.916) / 387.128
=1.18

PSS World Medical, Inc.'s Debt to Equity Ratio for the quarter that ended in Sep. 2012 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(0 + 459.845) / 407.6
=1.13

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt divided by Total Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Total Equity, Return on Equity


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

PSS World Medical, Inc. Annual Data

Mar03Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12
deb2equity 0.340.770.630.430.400.660.820.460.441.18

PSS World Medical, Inc. Semi-Annual Data

Jun10Sep10Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12
deb2equity 0.460.490.470.440.540.620.821.181.171.13
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