Seagate Technology Holdings (Seagate Technology Holdings) Debt-to-Equity

: -3.13 (As of Dec. 2023)

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Seagate Technology Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Seagate Technology Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,669 Mil. Seagate Technology Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1,814 Mil. Seagate Technology Holdings's debt to equity for the quarter that ended in Dec. 2023 was -3.13.

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 Seagate Technology Holdings's Debt-to-Equity or its related term are showing as below:

STX' s Debt-to-Equity Range Over the Past 10 Years
Min: -17.8 Med: 2.36 Max: 52.26
Current: -3.13

During the past 13 years, the highest Debt-to-Equity Ratio of Seagate Technology Holdings was 52.26. The lowest was -17.80. And the median was 2.36.

STX's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs STX: -3.13

Seagate Technology Holdings Debt-to-Equity Historical Data

The historical data trend for Seagate Technology Holdings'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.

Seagate Technology Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

1.97

2.37

8.23

52.26

-4.87

Seagate Technology Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																-12.83	-5.93	-4.87	-3.33	-3.13

Competitive Comparison

For the Computer Hardware subindustry, Seagate Technology Holdings'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.

Seagate Technology Holdings Debt-to-Equity Distribution

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

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

Seagate Technology Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Seagate Technology Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(114	+	5721)	/	-1199
	=	-4.87

Seagate Technology Holdings'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
	=	(0	+	5669)	/	-1814
	=	-3.13

Seagate Technology Holdings (NAS:STX) 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.

Seagate Technology Holdings Debt-to-Equity Related Terms

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Seagate Technology Holdings (Seagate Technology Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Seagate Technology Holdings PLC (NAS:STX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

STX:Mexico 847:Germany 847:Germany 847:Germany STXH:Austria

Address

38/39 Fitzwilliam Square, Dublin, IRL, D02 NX53

Website

https://www.seagate.com

Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.

Executives

Ban Seng Teh	officer: SVP, Sales	47488 KATO ROAD, FREMONT CA 94538
Katherine Schuelke	officer: SVP, CLO & Corporate Secretary	47488 KATO ROAD, FREMONT CA 94538
John Christopher Morris	officer: SVP, HDD & SDD Products & CTO	1280 DISC DRIVE, SHAKOPEE MN 55379
William D Mosley	officer: President & COO	SEAGATE TECHNOLOGY, 47488 KATO ROAD, FREMONT CA 94538
Gianluca Romano	officer: EVP & CFO	47488 KATO ROAD, FREMONT CA 94538
Dylan G. Haggart	director	ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Edward J Zander	director	MOTOROLA, INC., 1303 E. ALGONQUIN ROAD, SCHAUMBURG IL 60196
Kian Fatt Chong	officer: SVP, Global Operations	AVE 5, WOODLANDS U0 121
Jeffrey D. Nygaard	officer: Executive Vice President	47488 KATO ROAD, FREMONT CA 94538
Robert A Bruggeworth	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Richard L Clemmer	director	P O BOX 34552, LAS VEGAS NV 89129
Stephen J Luczo	director, officer: Chairman and CEO
Jay L Geldmacher	director	5810 VAN ALLEN WAY, CARLSBAD CA 92008
Yolanda Lee Conyers	director	47488 KATO ROAD, FREMONT CA 94538
Stephanie Tilenius	director	C/O IRONPLANET, INC., 4695 CHABOT DRIVE, SUITE 102, PLEASANTON CA 94588