Sprott (Sprott) Debt-to-Equity : 0.08 (As of Dec. 2023)

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What is Sprott Debt-to-Equity?

Sprott's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Sprott's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $24.2 Mil. Sprott's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $305.7 Mil. Sprott's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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 Sprott's Debt-to-Equity or its related term are showing as below:

SII' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.2
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Sprott was 0.20. The lowest was 0.03. And the median was 0.06.

SII's Debt-to-Equity is ranked better than
74.39% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs SII: 0.08

Sprott Debt-to-Equity Historical Data

The historical data trend for Sprott'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.

Sprott Debt-to-Equity Chart

Sprott Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.10

0.20

0.08

Sprott Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.20	0.12	0.12	0.08

Competitive Comparison of Sprott's Debt-to-Equity

For the Asset Management subindustry, Sprott'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.

Sprott's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sprott's Debt-to-Equity distribution charts can be found below:

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

Sprott Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sprott's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	24.237)	/	305.705
	=	0.08

Sprott'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
	=	(0	+	24.237)	/	305.705
	=	0.08

Sprott (NYSE:SII) 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.

Sprott Debt-to-Equity Related Terms

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

Sprott (Sprott) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sprott Inc (NYSE:SII) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SII:Canada

Address

200 Bay Street, South Tower, Suite 2600, Royal Bank Plaza, Toronto, ON, CAN, M5J 2J1

Website

https://www.sprott.com

Sprott Inc is an alternative asset manager operating in Canada. The company has five reportable segments: Exchange Listed Products, which includes management services to the company's closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company's branded funds, fixed-term LPs and managed accounts; Private strategies; Brokerage segment includes activities of Canadian and U.S. broker-dealers; Corporate; and Others.