Superior Plus (TSX:SPB) Debt-to-Equity

: 1.74 (As of Dec. 2023)

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Superior Plus's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$75 Mil. Superior Plus's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2,407 Mil. Superior Plus's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1,427 Mil. Superior Plus's debt to equity for the quarter that ended in Dec. 2023 was 1.74.

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

TSX:SPB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 1.72 Max: 1.94
Current: 1.74

During the past 13 years, the highest Debt-to-Equity Ratio of Superior Plus was 1.94. The lowest was 0.57. And the median was 1.72.

TSX:SPB's Debt-to-Equity is ranked worse than
80.8% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs TSX:SPB: 1.74

Superior Plus Debt-to-Equity Historical Data

The historical data trend for Superior Plus'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.

Superior Plus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.86

1.93

1.66

1.94

1.74

Superior Plus 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																1.94	1.57	1.51	1.70	1.74

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Superior Plus'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.

Superior Plus Debt-to-Equity Distribution

For the Utilities - Regulated industry and Utilities sector, Superior Plus's Debt-to-Equity distribution charts can be found below:

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

Superior Plus Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Superior Plus'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
	=	(74.8	+	2407)	/	1426.6
	=	1.74

Superior Plus'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
	=	(74.8	+	2407)	/	1426.6
	=	1.74

Superior Plus (TSX:SPB) 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.

Superior Plus Debt-to-Equity Related Terms

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Superior Plus (TSX:SPB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Superior Plus Corp (TSX:SPB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SUUIF:USA 8SP:Germany

Address

200 Wellington Street West, Suite 401, Toronto, ON, CAN, M5V 3C7

Website

https://www.superiorplus.com

Superior Plus Corp is a Canadian-based company that distributes energy and specialty chemicals. The company is organized into three business segments: U.S. Propane, Canadian Propane & Wholesale Propane, out of which the majority is from the U.S. Propane segment. The products & services offered by the company include wholesale procurement, distribution, related services for propane and other refined fuels, and supply of chemicals required by industries. The U.S. Propane segment distributes propane gas & liquid fuels along the Eastern U.S. & into the Midwest and California. The Canadian Propane segment includes the Canadian retail business with operations across Canada. The Wholesale Propane segment is the wholesale business with operations in Canada & the Western United States.