Speedy Hire (LSE:SDY) Debt-to-Equity : 0.98 (As of Sep. 2023)

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What is Speedy Hire Debt-to-Equity?

Speedy Hire's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £20.8 Mil. Speedy Hire's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £157.2 Mil. Speedy Hire's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £181.9 Mil. Speedy Hire's debt to equity for the quarter that ended in Sep. 2023 was 0.98.

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

LSE:SDY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.58 Max: 0.98
Current: 0.98

During the past 13 years, the highest Debt-to-Equity Ratio of Speedy Hire was 0.98. The lowest was 0.36. And the median was 0.58.

LSE:SDY's Debt-to-Equity is ranked worse than
74% of 927 companies
in the Business Services industry
Industry Median: 0.38 vs LSE:SDY: 0.98

Speedy Hire Debt-to-Equity Historical Data

The historical data trend for Speedy Hire'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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Speedy Hire Debt-to-Equity Chart

Speedy Hire Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.91

0.83

0.51

0.68

0.97

Speedy Hire Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.56	0.68	0.77	0.97	0.98

Competitive Comparison of Speedy Hire's Debt-to-Equity

For the Rental & Leasing Services subindustry, Speedy Hire'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.

Speedy Hire's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Speedy Hire's Debt-to-Equity distribution charts can be found below:

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

Speedy Hire Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Speedy Hire's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(23.4	+	156.2)	/	184.6
	=	0.97

Speedy Hire's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(20.8	+	157.2)	/	181.9
	=	0.98

Speedy Hire (LSE:SDY) 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.

Speedy Hire Debt-to-Equity Related Terms

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Speedy Hire (LSE:SDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Speedy Hire PLC (LSE:SDY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SDYl:UK SDY.GB:UK 5HN:Germany

Address

Chase House, 16 The Parks, Newton-le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.speedyservices.com

Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.