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# Steris LT-Debt-to-Total-Asset

: 0.25 (As of Dec. 2018)
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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Steris's long-term debt to total assests ratio for the quarter that ended in Dec. 2018 was 0.25.

Steris's long-term debt to total assets ratio declined from Dec. 2017 (0.28) to Dec. 2018 (0.25). It may suggest that Steris is progressively becoming less dependent on debt to grow their business.

## Steris LT-Debt-to-Total-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Steris Annual Data

 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 LT-Debt-to-Total-Asset 0.26 0.30 0.29 0.30 0.25

Steris Quarterly Data

 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 LT-Debt-to-Total-Asset 0.28 0.25 0.26 0.25 0.25

## Steris LT-Debt-to-Total-Asset Calculation

Steris's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2018 is calculated as

 LT Debt to Total Assets (A: Mar. 2018 ) = Long-Term Debt & Capital Lease Obligation (A: Mar. 2018 ) / Total Assets (A: Mar. 2018 ) = 1316.001 / 5200.334 = 0.25

Steris's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2018 is calculated as

 LT Debt to Total Assets (Q: Dec. 2018 ) = Long-Term Debt & Capital Lease Obligation (Q: Dec. 2018 ) / Total Assets (Q: Dec. 2018 ) = 1246.308 / 5006.39 = 0.25

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Steris  (NYSE:STE) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.