Steel & Tube Holdings (NZSE:STU) Debt-to-Equity : 0.45 (As of Dec. 2023)

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What is Steel & Tube Holdings Debt-to-Equity?

Steel & Tube Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$13.5 Mil. Steel & Tube Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$80.0 Mil. Steel & Tube Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NZ$207.2 Mil. Steel & Tube Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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 Steel & Tube Holdings's Debt-to-Equity or its related term are showing as below:

NZSE:STU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.56 Max: 0.7
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Steel & Tube Holdings was 0.70. The lowest was 0.09. And the median was 0.56.

NZSE:STU's Debt-to-Equity is ranked worse than
52.51% of 558 companies
in the Steel industry
Industry Median: 0.415 vs NZSE:STU: 0.45

Steel & Tube Holdings Debt-to-Equity Historical Data

The historical data trend for Steel & Tube 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.

Steel & Tube Holdings Debt-to-Equity Chart

Steel & Tube Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.10

0.65

0.53

0.70

0.48

Steel & Tube Holdings 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															0.50	0.70	0.63	0.48	0.45

Competitive Comparison of Steel & Tube Holdings's Debt-to-Equity

For the Steel subindustry, Steel & Tube 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.

Steel & Tube Holdings's Debt-to-Equity Distribution in the Steel Industry

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

* The bar in red indicates where Steel & Tube Holdings's Debt-to-Equity falls into.

Steel & Tube Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Steel & Tube Holdings'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
	=	(14.235	+	85.191)	/	208.154
	=	0.48

Steel & Tube Holdings'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
	=	(13.462	+	80.005)	/	207.206
	=	0.45

Steel & Tube Holdings (NZSE:STU) 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.

Steel & Tube Holdings Debt-to-Equity Related Terms

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

Steel & Tube Holdings (NZSE:STU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel & Tube Holdings Ltd (NZSE:STU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Bruce Roderick Drive, East Tamaki, Auckland, NTL, NZL, 2013

Website

https://www.steelandtube.co.nz

Steel & Tube Holdings Ltd is a New Zealand-based company. The company is a provider of steel solutions. It is a distributor and manufacturer of steel products including steel, stainless steel, architectural stainless, pipe, fittings and valves, pipe and cable supports, fastenings, roofing and cladding, and many more. The company's operating segments include Distribution and Infrastructure. It generates maximum revenue from the Distribution segment.

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