Sterling Check (Sterling Check) Debt-to-Equity : 0.78 (As of Mar. 2024)

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What is Sterling Check Debt-to-Equity?

Sterling Check's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $18.9 Mil. Sterling Check's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $547.8 Mil. Sterling Check's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $728.0 Mil. Sterling Check's debt to equity for the quarter that ended in Mar. 2024 was 0.78.

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

STER' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.7 Med: 0.72 Max: 1.06
Current: 0.78

During the past 5 years, the highest Debt-to-Equity Ratio of Sterling Check was 1.06. The lowest was 0.70. And the median was 0.72.

STER's Debt-to-Equity is ranked worse than
81.34% of 2213 companies
in the Software industry
Industry Median: 0.21 vs STER: 0.78

Sterling Check Debt-to-Equity Historical Data

The historical data trend for Sterling Check'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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Sterling Check Debt-to-Equity Chart

Sterling Check Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.99

1.06

0.71

0.72

Sterling Check Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.71	0.70	0.71	0.72	0.78

Competitive Comparison of Sterling Check's Debt-to-Equity

For the Software - Infrastructure subindustry, Sterling Check'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.

Sterling Check's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Sterling Check's Debt-to-Equity distribution charts can be found below:

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

Sterling Check Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sterling Check'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
	=	(19.219	+	487.066)	/	701.944
	=	0.72

Sterling Check'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
	=	(18.879	+	547.848)	/	728.012
	=	0.78

Sterling Check (NAS:STER) 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.

Sterling Check Debt-to-Equity Related Terms

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

Sterling Check (Sterling Check) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sterling Check Corp (NAS:STER) » Definitions » Debt-to-Equity

Comparable Companies

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Traded in Other Exchanges

N/A

Address

1 State Street Plaza, 24th Floor, New York, NY, USA, 10004

Website

https://www.sterlingcheck.com

Sterling Check Corp is a global provider of technology-enabled background and identity verification services. It offers a hiring and risk management solution that begins with identity verification, followed by criminal background screening, credential verification, drug and health screening, processing of employee documentation required for onboarding, and ongoing risk monitoring. Its services are delivered through a purpose-built, proprietary, cloud-based technology platform that empowers organizations with real-time and data-driven insights to conduct and manage their employment screening programs.

Executives

Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Adrian M Jones	director	C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Steven L Barnett	officer: See Remarks	6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Kristin Ann Johnsen	director	6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Villon Bertrand Eric Arnaud	director	STERLING CHECK CORP, 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
L Frederick Sutherland	director	STERLING CHECKCORP INC., 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Stonehill Robyn Price	officer: See Remarks	STERLING CHECKCORP INC., 1 STATE STREET PLAZA, NEW YORK NY 10004
Crampton Christopher A.s.	director	85 BROAD STREET, NEW YORK NY 10004
William W Chen	director	STERLING ULTIMATE PARENT CORP., 1 STATE STREET PLAZA, 24TH FLOOR, NEW YORK NY 10004
Mohit Kapoor	director	6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Ross M Cummings	10 percent owner	STERLING ULTIMATE PARENT CORP., 1 STATE STREET PLAZA, 24TH FLOOR, NEW YORK NY 10004
Broad Street Control Advisors, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Peter Walker	officer: See Remarks	STERLING CHECKCORP INC., 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Lou Paglia	officer: See Remarks	STERLING CHECKCORP INC, 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131