What is The Shyft Group Debt-to-Equity?
The Shyft Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $45.5 Mil. The Shyft Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $86.9 Mil. The Shyft Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $252.2 Mil.
The Shyft Group's debt to equity for the quarter that ended in Dec. 2023 was 0.52.
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: 0.17 Max: 0.75
Current: 0.53
During the past 13 years, the highest Debt-to-Equity Ratio of The Shyft Group was 0.75. The lowest was 0.00. And the median was 0.17.
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.
The Shyft Group Debt-to-Equity Chart
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The Shyft Group Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
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0.75 |
0.37 |
0.21 |
0.49 |
0.53 |
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The Shyft Group Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
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0.49 |
0.54 |
0.40 |
0.52 |
0.53 |
Competitive Comparison of The Shyft Group's Debt-to-Equity
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's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry
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. 2023 is calculated as
The Shyft Group's Debt to Equity Ratio for the quarter that ended in Dec. 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.
The Shyft Group (The Shyft Group) Business Description
Traded in Other Exchanges
Address
41280 Bridge Street, Novi, MI, USA, 48375
The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.
Executives
| Joshua A Sherbin |
officer: Chief Legal Officer |
38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304 |
| Jonathan C Douyard |
officer: Chief Financial Officer |
C/O SPARTAN MOTORS, INC., 41280 BRIDGE STREET, NOVI MI 48375 |
| Michael Dinkins |
director |
6166 NW 85TH WAY, PARKLAND FL 33067 |
| Terri Pizzuto |
director |
3050 HIGHLAND PARKWAY, STE 100, DOWNERS GROVA IL 60515 |
| Pamela L Kermisch |
director |
C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375 |
| Mark B. Rourke |
director |
3101 PACKERLAND DRIVE, GREEN BAY WI 54313 |
| James A. Sharman |
director |
C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
| Jacob Owen Farmer |
officer: President, Specialty Vehicles |
C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375 |
| Stephen K Guillaume |
officer: President, Specialty Chassis |
C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
| John Albert Dunn |
officer: President Fleet Vehicles & Svc |
C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375 |
| Hindman Colin E |
officer: Chief Human Resources Officer |
3130 STONEY CREEK ROAD, OAKLAND MI 48363 |
| Scott Matthew Ocholik |
officer: Chief Accounting Officer |
C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375 |
| Carl A. Esposito |
director |
21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033 |
| Thomas R Clevinger |
director |
C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
| Daryl M Adams |
officer: Chief Operating Officer |
C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
The Shyft Group (The Shyft Group) Headlines
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