STCN (Steel Connect) Debt-to-Equity : 0.09 (As of Jul. 2024)

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What is Steel Connect Debt-to-Equity?

Steel Connect's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $21.2 Mil. Steel Connect's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $12.7 Mil. Steel Connect's Total Stockholders Equity for the quarter that ended in Jul. 2024 was $391.9 Mil. Steel Connect's debt to equity for the quarter that ended in Jul. 2024 was 0.09.

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

STCN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.81 Max: 5.2
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Steel Connect was 5.20. The lowest was 0.09. And the median was 0.81.

STCN's Debt-to-Equity is ranked better than
90.34% of 880 companies
in the Transportation industry
Industry Median: 0.54 vs STCN: 0.09

Steel Connect Debt-to-Equity Historical Data

The historical data trend for Steel Connect'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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Steel Connect Debt-to-Equity Chart

Steel Connect Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Debt-to-Equity

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5.20

0.67

1.17

0.13

0.09

Steel Connect Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-Equity	Get a 7-Day Free Trial															0.13	0.13	0.12	0.09	0.09

Competitive Comparison of Steel Connect's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Steel Connect'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.

Steel Connect's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Steel Connect's Debt-to-Equity distribution charts can be found below:

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

Steel Connect Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Steel Connect's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(21.222	+	12.74)	/	391.92
	=	0.09

Steel Connect's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(21.222	+	12.74)	/	391.92
	=	0.09

Steel Connect (NAS:STCN) 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.

Steel Connect Debt-to-Equity Related Terms

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

Steel Connect Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Steel Connect Inc (NAS:STCN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CGO:Germany

Address

590 Madison Avenue, 32nd Floor, New York, DE, USA, 10022

Website

https://www.steelconnectinc.com

Steel Connect Inc is a diversified holding company. Through its subsidiary, the company provides digital and physical supply chain solutions to many brands across a diverse range of industries, including consumer electronics, telecommunications, computing and storage, software, and others. It also produces and licenses an entitlement management solution powered by its enterprise-class Poetic software, which offers a complete solution for activation, provisioning, entitlement subscription, and data collection from physical goods (connected products) and digital products. The group has an integrated network of facilities throughout North America, Europe, and Asia Pacific. Geographically, it derives key revenue from Mainland China and rest from the United States, Czech, and other regions.

Executives

Steel Partners Holdings L.p.	other: See Explanation of Responses	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Joseph Richards Martin	director	C/O LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 2000, NASHVILLE TN 37219
Ryan O'herrin	officer: Chief Financial Officer	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022-8547
Webfinancial Holding Corp	director, 10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Wf Asset Corp.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Gary Tankard	officer: Chief Accounting Officer	C/O STEEL PARTNERS HOLDINGS LP, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Jason Wong	officer: Chief Financial Officer	590 MADISON AVENUE, FLOOR 32, C/O STEEL PARTNERS HOLDINGS LP, NEW YORK NY 10022
Renata Simril	director	5055 WILSHIRE BOULEVARD, SUITE 500, LOS ANGELES CA 90036
Fawaz Khalil	officer: CEO, ModusLink Corporation	C/O STEEL CONNECT, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451
John Ashe	officer: CEO,IWCO Direct Holdings, Inc.	C/O STEEL CONNECT, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451
Maria Molland	director	1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451
Joseph B Sherk	officer: Chief Accounting Officer	C/O UNITED RENTALS INC, FIVE GREENWICH OFFICE PARK, GREENWICH CT 06830
Douglas Woodworth	officer: Chief Financial Officer	STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Excel Inc.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Philip E. Lengyel	director	C/O MODUSLINK GLOBAL SOLUTIONS, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451