Sky (LSE:SKY) Debt-to-Equity : 2.04 (As of Jun. 2018)

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What is Sky Debt-to-Equity?

Sky's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2018 was £447 Mil. Sky's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2018 was £7,754 Mil. Sky's Total Stockholders Equity for the quarter that ended in Jun. 2018 was £4,016 Mil. Sky's debt to equity for the quarter that ended in Jun. 2018 was 2.04.

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

LSE:SKY's Debt-to-Equity is not ranked ^*
in the Media - Diversified industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Sky Debt-to-Equity Historical Data

The historical data trend for Sky'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.

Sky Debt-to-Equity Chart

Sky Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Debt-to-Equity

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2.49

2.50

2.59

2.39

2.04

Sky Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Debt-to-Equity	Get a 7-Day Free Trial															2.59	2.64	2.39	2.15	2.04

Competitive Comparison of Sky's Debt-to-Equity

For the Broadcasting subindustry, Sky'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.

Sky's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sky's Debt-to-Equity distribution charts can be found below:

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

Sky Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sky's Debt to Equity Ratio for the fiscal year that ended in Jun. 2018 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
	=	(447	+	7754)	/	4016
	=	2.04

Sky's Debt to Equity Ratio for the quarter that ended in Jun. 2018 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
	=	(447	+	7754)	/	4016
	=	2.04

Sky (LSE:SKY) 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.

Sky Debt-to-Equity Related Terms

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

Sky (LSE:SKY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sky Ltd (LSE:SKY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.sky.com

Sky is the U.K.'s only satellite television operator and its largest pay-TV provider, with 12.9 million retail subscribers. It is also the largest pay-TV provider in Italy, with 4.8 million customers, and is a large operator in Germany and Austria, with 5.3 million pay-TV subscribers. The firm's strategy is to dominate the pay-TV markets in its respective countries. In the U.K., it also offers bundles of broadband, telephony and other services. In total, it sells 61.7 million products.