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Sirius XM Holdings (Sirius XM Holdings) Debt-to-Equity : -3.72 (As of Dec. 2023)


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Sirius XM Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $551 Mil. Sirius XM Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8,982 Mil. Sirius XM Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-2,565 Mil. Sirius XM Holdings's debt to equity for the quarter that ended in Dec. 2023 was -3.72.

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 Sirius XM Holdings's Debt-to-Equity or its related term are showing as below:

SIRI' s Debt-to-Equity Range Over the Past 10 Years
Min: -32.73   Med: -3.86   Max: 3.43
Current: -3.72

During the past 13 years, the highest Debt-to-Equity Ratio of Sirius XM Holdings was 3.43. The lowest was -32.73. And the median was -3.86.

SIRI's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.28 vs SIRI: -3.72

Sirius XM Holdings Debt-to-Equity Historical Data

The historical data trend for Sirius XM Holdings'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.

Sirius XM Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.34 -3.92 -3.52 -2.93 -3.72

Sirius XM Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.93 -3.03 -3.14 -3.35 -3.72

Competitive Comparison

For the Entertainment subindustry, Sirius XM Holdings'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.


Sirius XM Holdings Debt-to-Equity Distribution

For the Media - Diversified industry and Communication Services sector, Sirius XM Holdings's Debt-to-Equity distribution charts can be found below:

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



Sirius XM Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sirius XM Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sirius XM Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Sirius XM Holdings  (NAS:SIRI) 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.


Sirius XM Holdings Debt-to-Equity Related Terms

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


Sirius XM Holdings (Sirius XM Holdings) Business Description

Address
1221 Avenue of the Americas, 35th Floor, New York, NY, USA, 10020
Sirius XM Holdings is composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm's radios come preinstalled on a wide range of light vehicles in the U.S. and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service as well as a robust and growing podcast library. Liberty Media owns 81% of Sirius XM, traded through its Liberty Sirius XM Group tracking stock.
Executives
Joseph A Inzerillo officer: Chief Product & Tech. Officer 173 WATER STREET, BROOKLYN NY 11201
David Adam Blau director 12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112-7009
Sean S Sullivan officer: EVP and CFO 11 PENN PLAZA, NEW YORK NY 10001
Jonelle Procope director 1221 AVENUE OF THE AMERICAS, 35TH FLOOR, NEW YORK NY 10020
Stephen Cook officer: EVP, Sales and Automotive
Kristina Salen director 1601 CLOVERFIELD BLVD., SUITE 620, SANTA MONICA CA 90404
Dara F Altman officer: EVP & Chief Admin. Officer SIRIUS XM RADIO INC., 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Joan Lordi Amble director AMERICAN EXPRESS COMPANY, 200 VESEY STREET, NEW YORK NY 10285
Carl E Vogel director C/O SIRIUS XM RADIO INC., 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
James E Meyer officer: President, Sales & Operations 6922 HOLLYWOOD BLVD., 12TH FLOOR, LOS ANGELES CA 90028
Vanessa Ames Wittman director C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Scott Andrew Greenstein officer: Pres., Entertainment & Sports SIRIUS XM RADIO INC., 1221 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10020
James Mooney director 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
David J Frear officer: EVP and CFO 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
James Arthur Cady officer: EVP, Product and Operations 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020