Spectris (LSE:SXS) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Spectris Debt-to-Equity?

Spectris's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £14 Mil. Spectris's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £48 Mil. Spectris's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £1,316 Mil. Spectris's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

LSE:SXS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.16 Max: 0.3
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Spectris was 0.30. The lowest was 0.05. And the median was 0.16.

LSE:SXS's Debt-to-Equity is ranked better than
83.93% of 2196 companies
in the Hardware industry
Industry Median: 0.28 vs LSE:SXS: 0.05

Spectris Debt-to-Equity Historical Data

The historical data trend for Spectris'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.

Spectris Debt-to-Equity Chart

Spectris Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.13

0.05

Spectris 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															0.05	0.25	0.05	0.05	0.05

Competitive Comparison of Spectris's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Spectris'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.

Spectris's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Spectris's Debt-to-Equity distribution charts can be found below:

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

Spectris Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spectris's Debt to Equity Ratio for the fiscal year 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
	=	(14.4	+	48.3)	/	1315.9
	=	0.05

Spectris'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
	=	(14.4	+	48.3)	/	1315.9
	=	0.05

Spectris (LSE:SXS) 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.

Spectris Debt-to-Equity Related Terms

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

Spectris (LSE:SXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Spectris PLC (LSE:SXS) » Definitions » Debt-to-Equity

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SEPJF:USA SXSl:UK

Address

44-46 Aldwych, Melbourne House, 5th Floor, London, GBR, WC2B 4LL

Website

http://www.spectris.com

Spectris PLC supplies measuring instruments for research and industrial applications. The firm operates in four segments: Industrial Solutions, which includes a range of specialty businesses involved in particle measurement and testing; Malvern Panalytical, which provides tools for measuring the structure, size, and amount of particles during research and production; HBK, which makes measuring tools for product design and improvement; and Omega, which provides tools for measuring and controlling temperature, humidity, pressure, and conductivity. Revenue is generated in Asia, Europe, and North America in industries such as pharmaceutical, mining, and academic research.

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