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Stewart Enterprises, Inc. (NAS:STEI)
Debt to Equity
0.71 (As of Jul. 2013)

Stewart Enterprises, Inc.'s current portion of long-term debt for the quarter that ended in Jul. 2013 was \$83.9 Mil. Stewart Enterprises, Inc.'s long-term debt for the quarter that ended in Jul. 2013 was \$241.2 Mil. Stewart Enterprises, Inc.'s total equity for the quarter that ended in Jul. 2013 was \$457.6 Mil. Stewart Enterprises, Inc.'s debt to equity for the quarter that ended in Jul. 2013 was 0.71.

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.

Stewart Enterprises, Inc.'s Debt to Equity Ratio for the fiscal year that ended in Oct. 2012 is calculated as

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (0.006 + 321.887) / 424.321 = 0.76

Stewart Enterprises, Inc.'s Debt to Equity Ratio for the quarter that ended in Jul. 2013 is calculated as

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (83.94 + 241.192) / 457.573 = 0.71

* 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.

Stewart Enterprises, Inc. Annual Data

 Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 deb2equity 0.63 0.93 0.84 1.06 1.23 0.94 0.74 0.74 0.76 0.72

Stewart Enterprises, Inc. Quarterly Data

 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 deb2equity 0.73 0.74 0.75 0.75 0.75 0.76 0.73 0.72 0.71 0.72
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