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SIFCO Industries (SIFCO Industries) Debt-to-Equity

: 1.09 (As of Sep. 2023)
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SIFCO Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $20.98 Mil. SIFCO Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $16.48 Mil. SIFCO Industries's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $34.34 Mil. SIFCO Industries's debt to equity for the quarter that ended in Sep. 2023 was 1.09.

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

SIF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14   Med: 0.67   Max: 1.09
Current: 1.09

During the past 13 years, the highest Debt-to-Equity Ratio of SIFCO Industries was 1.09. The lowest was 0.14. And the median was 0.67.

SIF's Debt-to-Equity is ranked worse than
80% of 255 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs SIF: 1.09

SIFCO Industries Debt-to-Equity Historical Data

The historical data trend for SIFCO Industries'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.

SIFCO Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.65 0.92 0.75 0.85 1.09

SIFCO Industries Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity 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 Premium Member Only Premium Member Only Premium Member Only 0.85 0.91 0.99 1.06 1.09

Competitive Comparison

For the Aerospace & Defense subindustry, SIFCO Industries'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.


SIFCO Industries Debt-to-Equity Distribution

For the Aerospace & Defense industry and Industrials sector, SIFCO Industries's Debt-to-Equity distribution charts can be found below:

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



SIFCO Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SIFCO Industries's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

SIFCO Industries's Debt to Equity Ratio for the quarter that ended in Sep. 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.


SIFCO Industries  (AMEX:SIF) 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.


SIFCO Industries Debt-to-Equity Related Terms

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


SIFCO Industries (SIFCO Industries) Business Description

Traded in Other Exchanges
N/A
Address
970 East 64th Street, Cleveland, OH, USA, 44103
SIFCO Industries Inc is engaged in the production of forgings and machined components for the Aerospace and Energy, Defense and Commercial Space markets. Its processes and services include forging, heat-treating and machining. It serves original equipment manufacturers (OEM) as well as aftermarket customers. Its products are made of steel, stainless steel, titanium and aluminium and include OEM and aftermarket components for aircraft and industrial gas turbine engines, steam turbine blades, structural airframe components, aircraft landing gear components, aircraft wheels and brakes, critical rotating components for helicopters and industrial products. Substantial revenue is derived from North America as well as operates in Europe.
Executives
Wells Norman E Jr. director PO BOX 609, AURORA OH 44202
Alayne L Reitman director SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Peter William Knapper director, officer: President & CEO 5924 MEDALLION DRIVE, WESTERVILLE OH 43082
Molten Donald C Jr. director 970 EAST 64TH STREET, CLEVELAND OH 44103
Mark J Silk director, 10 percent owner 4946 AZUSA CANYON ROAD, IRWINDALE CA 91706
Hudson Smith director SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Thomas Robert Kubera officer: Corporate Controller 1327 SPRUCEDALE ROAD, BROADVIEW HEIGHTS OH 44147
Jeffrey P Gotschall director SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Salvatore Incanno officer: VP of Finance & CFO 970 E. 64TH ST, CLEVELAND OH 44103
John Sr Chapman director 970 EAST 64TH STREET, CLEVELAND OH 44103
Dennis Paul Hido officer: Corporate Controller 21 EMERALD COURT, CANFIELD OH 44406
Catherine Marie Kramer officer: Vice President-Finance & CFO 14388 CASTLEREAGH LANE, STRONSVILLE OH 44136
Frank N Nichols director 8646 CARDINAL DRIVE, KIRTLAND OH 44094
Frank A Cappello officer: Vice President Finance and CFO SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Miller P Charles Jr director SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103

SIFCO Industries (SIFCO Industries) Headlines