Sims (ASX:SGM) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is Sims Debt-to-Equity?

Sims's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$84 Mil. Sims's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$812 Mil. Sims's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,644 Mil. Sims's debt to equity for the quarter that ended in Dec. 2023 was 0.34.

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

ASX:SGM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.34
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Sims was 0.34. The lowest was 0.00. And the median was 0.02.

ASX:SGM's Debt-to-Equity is ranked better than
57.45% of 557 companies
in the Steel industry
Industry Median: 0.42 vs ASX:SGM: 0.34

Sims Debt-to-Equity Historical Data

The historical data trend for Sims'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.

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Sims Debt-to-Equity Chart

Sims Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.02

0.24

0.26

0.28

0.30

Sims Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.28	0.30	0.30	0.34

Competitive Comparison of Sims's Debt-to-Equity

For the Steel subindustry, Sims'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.

Sims's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Sims's Debt-to-Equity distribution charts can be found below:

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

Sims Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sims's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(82.1	+	722.7)	/	2656.7
	=	0.30

Sims'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
	=	(83.6	+	812.4)	/	2644.4
	=	0.34

Sims (ASX:SGM) 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.

Sims Debt-to-Equity Related Terms

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Sims (ASX:SGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sims Ltd (ASX:SGM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SMUPF:USA SMSMY:USA I8M:Germany

Address

189 O’Riordan Street, Suite 2, Level 9, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.simsltd.com

Sims Ltd was created from the 2008 merger of two metal-recycling companies: Australia's Sims Group and America's Metal Management. The company is publicly traded metal and electronics recycler, with roughly half of its revenue generated in North America and the balance split between Australasia and Europe. The company buys, processes and sells ferrous and non-ferrous discarded metals. The company's segment includes North America Metal, Australia/New Zealand Metal, Global Trading, Investment in SA Recycling, UK metal, and Sims Lifecycle Services. The company generates the majority revenue from North America Metal segment.