Surmodics (STU:SU6) Debt-to-Equity : 0.27 (As of Mar. 2024)

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What is Surmodics Debt-to-Equity?

Surmodics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.9 Mil. Surmodics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €30.0 Mil. Surmodics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €114.0 Mil. Surmodics's debt to equity for the quarter that ended in Mar. 2024 was 0.27.

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

STU:SU6' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.33
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Surmodics was 0.33. The lowest was 0.00. And the median was 0.11.

STU:SU6's Debt-to-Equity is ranked worse than
54.58% of 698 companies
in the Medical Devices & Instruments industry
Industry Median: 0.215 vs STU:SU6: 0.27

Surmodics Debt-to-Equity Historical Data

The historical data trend for Surmodics'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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Surmodics Debt-to-Equity Chart

Surmodics Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.03

0.10

0.14

0.28

Surmodics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															0.33	0.30	0.28	0.28	0.27

Competitive Comparison of Surmodics's Debt-to-Equity

For the Medical Devices subindustry, Surmodics'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.

Surmodics's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Surmodics's Debt-to-Equity distribution charts can be found below:

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

Surmodics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Surmodics's Debt to Equity Ratio for the fiscal year 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
	=	(0.817	+	30.339)	/	112.356
	=	0.28

Surmodics'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
	=	(0.921	+	30.047)	/	114.034
	=	0.27

Surmodics (STU:SU6) 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.

Surmodics Debt-to-Equity Related Terms

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Surmodics (STU:SU6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Surmodics Inc (STU:SU6) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SRDX:USA SU6:Germany

Address

9924 West 74th Street, Eden Prairie, MN, USA, 55344

Website

https://www.surmodics.com

Surmodics Inc is a provider of surface modification and in vitro diagnostic technologies to the healthcare industry. The company's mission is to improve the treatment and detection of disease by using its technology to provide solutions to difficult medical devices and diagnostic challenges. It has two reportable segments: Medical device unit; Manufacture of performance coatings, including surface modification coating technologies and the Vitro diagnostics unit; Manufacture of chemical and biological components used in in vitro diagnostic immunoassay and molecular tests within the diagnostic and biomedical research markets. Surmodics derives majority of its revenue from the Medical Device segment.

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