Solid State (LSE:SOLI) Debt-to-Equity : 0.24 (As of Sep. 2023)

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What is Solid State Debt-to-Equity?

Solid State's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £2.5 Mil. Solid State's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £12.1 Mil. Solid State's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £61.7 Mil. Solid State's debt to equity for the quarter that ended in Sep. 2023 was 0.24.

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

LSE:SOLI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.22 Max: 0.34
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Solid State was 0.34. The lowest was 0.00. And the median was 0.22.

LSE:SOLI's Debt-to-Equity is ranked better than
55.96% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs LSE:SOLI: 0.24

Solid State Debt-to-Equity Historical Data

The historical data trend for Solid State'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.

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Solid State Debt-to-Equity Chart

Solid State Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.29

0.07

0.25

0.21

0.29

Solid State Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.21	0.34	0.29	0.24

Competitive Comparison of Solid State's Debt-to-Equity

For the Electronic Components subindustry, Solid State'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.

Solid State's Debt-to-Equity Distribution in the Hardware Industry

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

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

Solid State Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solid State's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.336	+	14.369)	/	57.907
	=	0.29

Solid State's Debt to Equity Ratio for the quarter 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
	=	(2.469	+	12.072)	/	61.71
	=	0.24

Solid State (LSE:SOLI) 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.

Solid State Debt-to-Equity Related Terms

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Solid State (LSE:SOLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid State PLC (LSE:SOLI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hedera Road, 2 Ravensbank Business Park, Redditch, Worcestershire, GBR, B98 9EY

Website

https://www.solidstateplc.com

Solid State PLC is engaged in manufacturing as well as the distribution of electronic components and materials. The company's operating segment includes divisions which are Components and Systems. It generates maximum revenue from the Components division segment. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in the Rest of Europe, Asia, North America, and the Rest of the World. It generates revenue from products such as Computing, Communications, Power and Optoelectronics, and electronic components and modules.