Somero Enterprises (LSE:SOM) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Somero Enterprises Debt-to-Equity?

Somero Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.43 Mil. Somero Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £1.12 Mil. Somero Enterprises's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £65.76 Mil. Somero Enterprises's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

LSE:SOM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.04
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Somero Enterprises was 0.04. The lowest was 0.02. And the median was 0.03.

LSE:SOM's Debt-to-Equity is ranked better than
96.77% of 186 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.43 vs LSE:SOM: 0.02

Somero Enterprises Debt-to-Equity Historical Data

The historical data trend for Somero Enterprises'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.

Somero Enterprises Debt-to-Equity Chart

Somero Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.02

Somero Enterprises Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.02	0.02	0.03	0.02

Competitive Comparison of Somero Enterprises's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Somero Enterprises'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.

Somero Enterprises's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Somero Enterprises's Debt-to-Equity distribution charts can be found below:

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

Somero Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Somero Enterprises'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
	=	(0.427	+	1.118)	/	65.756
	=	0.02

Somero Enterprises'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
	=	(0.427	+	1.118)	/	65.756
	=	0.02

Somero Enterprises (LSE:SOM) 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.

Somero Enterprises Debt-to-Equity Related Terms

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

Somero Enterprises (LSE:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Somero Enterprises Inc (LSE:SOM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

14530 Global Parkway, Fort Myers, FL, USA, 33913

Website

https://www.somero.com

Somero Enterprises Inc provides concrete placing solutions. The company provides concrete-leveling equipment, training, education, & support to its customers. Its products include CopperHead, Mini Screed C, S-840, S-15R, S-22E, S-485, S-940, S-10A, & the S-158 Laser Screed machines; STS-11M Topping Spreader; as well as the 3-D Profiler System software, the Somero Floor Levelness System, & the SP-16 Concrete Hose Line-Pulling & Placing System. Its revenues are derived from sales of Boomed screed products, Ride-on screed products, Remanufactured machines sales, 3-D Profiler System, & sales of parts & accessories, other equipment, service, training, & shipping charges. Geographically, it operates in North America, EMEA & ROW (Australia, Latin America, India, China, Korea, & Southeast Asia).

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