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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

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

 Mar03 Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 deb2equity 0.34 0.77 0.63 0.43 0.40 0.66 0.82 0.46 0.44 1.18

PSS World Medical, Inc. Semi-Annual Data

 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 deb2equity 0.46 0.49 0.47 0.44 0.54 0.62 0.82 1.18 1.17 1.13
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