STERIS Balance Sheet Health
Financial Health criteria checks 3/6
STERIS has a total shareholder equity of $5.8B and total debt of $3.0B, which brings its debt-to-equity ratio to 52%. Its total assets and total liabilities are $10.5B and $4.7B respectively. STERIS's EBIT is $615.6M making its interest coverage ratio 6.9. It has cash and short-term investments of $258.3M.
Key information
52.0%
Debt to equity ratio
US$3.02b
Debt
Interest coverage ratio | 6.9x |
Cash | US$258.26m |
Equity | US$5.81b |
Total liabilities | US$4.68b |
Total assets | US$10.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2TG's short term assets ($1.9B) exceed its short term liabilities ($872.8M).
Long Term Liabilities: 2TG's short term assets ($1.9B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: 2TG's net debt to equity ratio (47.6%) is considered high.
Reducing Debt: 2TG's debt to equity ratio has increased from 47.5% to 52% over the past 5 years.
Debt Coverage: 2TG's debt is well covered by operating cash flow (24.8%).
Interest Coverage: 2TG's interest payments on its debt are well covered by EBIT (6.9x coverage).