Market Cap : 972.48 M | Enterprise Value : 1.1 B | PE Ratio : 23.50 | PB Ratio : 4.18 |
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The Shyft Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $33.5 Mil. The Shyft Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $101.5 Mil. The Shyft Group's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $232.9 Mil. The Shyft Group's debt to equity for the quarter that ended in Jun. 2022 was 0.58.
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 The Shyft Group's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of The Shyft Group was 1.66. The lowest was 0.00. And the median was 0.15.
The historical data trend for The Shyft Group'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.
For the Farm & Heavy Construction Machinery subindustry, The Shyft Group'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 Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where The Shyft Group's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
The Shyft Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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 | |
= | (18.112 | + | 37.067) | / | 266.754 | |
= | 0.21 |
The Shyft Group's Debt to Equity Ratio for the quarter that ended in Jun. 2022 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 | |
= | (33.534 | + | 101.451) | / | 232.935 | |
= | 0.58 |
* 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.
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.
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 The Shyft Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Esposito Carl A. | director | 21557 TELEGRAPH ROAD SOUTHFIELD MI 48033 |
Sherbin Joshua A | officer: Chief Legal Officer | 38505 WOODWARD AVENUE SUITE 200 BLOOMFIELD HILLS MI 48304 |
Rourke Mark B. | director | 3101 PACKERLAND DRIVE GREEN BAY WI 54313 |
Pizzuto Terri | director | 3050 HIGHLAND PARKWAY STE 100 DOWNERS GROVA IL 60515 |
Dinkins Michael | director | 6166 NW 85TH WAY PARKLAND FL 33067 |
Douyard Jonathan C | officer: Chief Financial Officer | C/O SPARTAN MOTORS, INC. 41280 BRIDGE STREET NOVI MI 48375 |
Freeman Angela K. | director | 14701 CHARLSON ROAD EDEN PRAIRIE MN 55437 |
Heavin Todd A | officer: Chief Operating Officer | 1950 OAK POINTE DR ROCHESTER HILLS MI 48306 |
Heminover Chad M | officer: President, Fleet Vehicles and | C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813 |
Isbell Jeri L | director | ONE LEXMARK CENTRE DR 740 WEST NEW CIRCLE RD LEXINGTON KY 40550 |
Roney Ryan L | officer: Chief Legal Officer & Secretar | 1541 REYNOLDS ROAD CHARLOTTE MI 48813 |
Long Matthew W | officer: Interim CFO | 2581 E KERCHER ROAD GOSHEN IN 46528 |
Mascarenas Paul Anthony | director | 3850 HAMLIN ROAD AUBURN HILLS MI 48326 |
Ninneman Thomas C | officer: Chief Operating Officer | C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813 |
Clevinger Thomas R | director | C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813 |
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