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Sothebys's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $27 Mil. Sothebys's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $1,022 Mil. Sothebys's Total Stockholders Equity for the quarter that ended in Jun. 2019 was $493 Mil. Sothebys's debt to equity for the quarter that ended in Jun. 2019 was 2.13.
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 Sothebys's Debt-to-Equity or its related term are showing as below:
The historical data trend for Sothebys'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.
Sothebys Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 1.10 | 1.43 | 2.32 | 1.88 | 2.11 |
Sothebys Quarterly Data | ||||||||||||||||||||
Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | |
Debt-to-Equity | Get a 7-Day Free Trial | 1.20 | 1.92 | 2.11 | 2.68 | 2.13 |
For the Specialty Retail subindustry, Sothebys'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Sothebys's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sothebys's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Sothebys's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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 | |
= | (13.604 | + | 918.786) | / | 441.339 | |
= | 2.11 |
Sothebys's Debt to Equity Ratio for the quarter that ended in Jun. 2019 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 | |
= | (26.538 | + | 1021.704) | / | 493.079 | |
= | 2.13 |
* 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.
Sothebys (NYSE:BID) 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.
Thank you for viewing the detailed overview of Sothebys's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Jessica M Bibliowicz | director | NATIONAL FINANCIAL PARTNERS CORP., 340 MADISON AVENUE, 20TH FL, NEW YORK NY 10173 |
Dennis M Weibling | director | 2300 CARILLON POINT, KIRKLAND WA 98033 |
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