Pressure Technologies (LSE:PRES) Debt-to-Equity : 0.32 (As of Mar. 2024)

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What is Pressure Technologies Debt-to-Equity?

Pressure Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £1.10 Mil. Pressure Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £2.83 Mil. Pressure Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was £12.38 Mil. Pressure Technologies's debt to equity for the quarter that ended in Mar. 2024 was 0.32.

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 Pressure Technologies's Debt-to-Equity or its related term are showing as below:

LSE:PRES' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.4 Max: 0.83
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Pressure Technologies was 0.83. The lowest was 0.01. And the median was 0.40.

LSE:PRES's Debt-to-Equity is ranked better than
59.71% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs LSE:PRES: 0.32

Pressure Technologies Debt-to-Equity Historical Data

The historical data trend for Pressure Technologies'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.

Pressure Technologies Debt-to-Equity Chart

Pressure Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.42

0.83

0.51

0.44

0.24

Pressure Technologies Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.44	0.44	0.37	0.24	0.32

Competitive Comparison of Pressure Technologies's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Pressure Technologies'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.

Pressure Technologies's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pressure Technologies's Debt-to-Equity distribution charts can be found below:

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

Pressure Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pressure Technologies's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(1.604	+	1.704)	/	13.586
	=	0.24

Pressure Technologies's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(1.103	+	2.828)	/	12.375
	=	0.32

Pressure Technologies (LSE:PRES) 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.

Pressure Technologies Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Pressure Technologies's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Pressure Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pressure Technologies PLC (LSE:PRES) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

PRS:Germany

Address

Meadowhall Road, Pressure Technologies Building, Sheffield, South Yorkshire, GBR, S9 1BT

Website

https://www.pressuretechnologies.com

Pressure Technologies PLC designs and manufactures high-pressure systems serving the global energy, defense, and industrial gas markets. The company's segments include Cylinders, which are engaged in the design, manufacture and reconditioning of seamless high-pressure gas cylinders and Precision Machined Components are engaged in the manufacture of precision-engineered valve wear parts used in the oil and gas industries. It derives maximum revenue from the Cylinders segment. The company generates the majority of its revenue from the United Kingdom.

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