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:
SHYF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.15 Max: 1.66
Current: 0.58
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.
SHYF's Debt-to-Equity is ranked worse than 62.43% of 173
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.44
vs SHYF: 0.58
The Shyft Group Debt-to-Equity Historical Data
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.
* Premium members only.
The Shyft Group Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
0.11
0.14
0.75
0.37
0.21
The Shyft Group Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.36
0.20
0.21
0.45
0.58
Competitive Comparison
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.
The Shyft Group Debt-to-Equity Distribution
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.
The Shyft Group Debt-to-Equity Calculation
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
* 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.
The Shyft Group (NAS:SHYF) Debt-to-Equity Explanation
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.
The Shyft Group Debt-to-Equity Related Terms
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.
The Shyft Group Inc is a North American specialty vehicle manufacturer, engaged in assembling and upfitting for the commercial, retail, and service specialty vehicle markets. Its customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Group is organized into two core business units Fleet Vehicles and Services and Specialty Vehicles. Its brands include Utilimaster, Royal Truck Body, Strobes-R- Us, Spartan RV Chassis, Builtmore Contract Manufacturing, and corresponding aftermarket provisions. It operates facilities in Michigan, Indiana, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico.
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