STERIS Balance Sheet Health
Financial Health criteria checks 5/6
STERIS has a total shareholder equity of $6.6B and total debt of $2.2B, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are $10.2B and $3.6B respectively. STERIS's EBIT is $937.8M making its interest coverage ratio 8.1. It has cash and short-term investments of $172.2M.
Key information
33.8%
Debt to equity ratio
US$2.24b
Debt
| Interest coverage ratio | 8.1x |
| Cash | US$172.20m |
| Equity | US$6.61b |
| Total liabilities | US$3.63b |
| Total assets | US$10.24b |
Recent financial health updates
Is STERIS (NYSE:STE) A Risky Investment?
Oct 01
Is STERIS (NYSE:STE) Using Too Much Debt?
Jun 13STERIS (NYSE:STE) Has A Pretty Healthy Balance Sheet
Mar 07Recent updates
STERIS plc's (NYSE:STE) Popularity With Investors Is Clear
Dec 14Steris Q2: Anticipating HSD Growth In AST, Upgrade To 'Buy'
Nov 18What Does STERIS plc's (NYSE:STE) Share Price Indicate?
Oct 19Is STERIS (NYSE:STE) A Risky Investment?
Oct 01Steris: Dental Divestiture, Surgical Instrumentation Acquisition, But Overvalued
Sep 16Earnings Tell The Story For STERIS plc (NYSE:STE)
Sep 13Steris: Q2 Numbers Solidify Buy Thesis
Aug 13STERIS plc's (NYSE:STE) Intrinsic Value Is Potentially 59% Above Its Share Price
Aug 08When Should You Buy STERIS plc (NYSE:STE)?
Jul 04Is STERIS (NYSE:STE) Using Too Much Debt?
Jun 13Steris: Moving On, Losing Its Teeth
Apr 14STERIS plc's (NYSE:STE) Intrinsic Value Is Potentially 31% Above Its Share Price
Mar 29STERIS (NYSE:STE) Has A Pretty Healthy Balance Sheet
Mar 07Steris: Strong Healthcare Products Growth Coupled With Weak AST Business
Feb 17STERIS plc's (NYSE:STE) Business Is Trailing The Industry But Its Shares Aren't
Feb 15Steris: Comprehensive Sterilization Portfolios Tailored To Procedure Volumes
Nov 08Steris: Remains On Track For Strong Fiscal '24, Added Upsides From Operating Leverage
Sep 01Steris: Continuing To Grow The Product Lineup
Jun 20Steris falls 10% on Q3 revenue, profit miss, 2023 profit guidance lowered
Feb 09Steris declares $0.47 dividend
Feb 01Steris declares $0.47 dividend
Nov 02Steris: Non-GAAP Valuations Supportive Of Substantial Upside
Sep 04Financial Position Analysis
Short Term Liabilities: STE's short term assets ($1.9B) exceed its short term liabilities ($805.5M).
Long Term Liabilities: STE's short term assets ($1.9B) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: STE's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: STE's debt to equity ratio has reduced from 36.7% to 33.8% over the past 5 years.
Debt Coverage: STE's debt is well covered by operating cash flow (49.2%).
Interest Coverage: STE's interest payments on its debt are well covered by EBIT (8.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 10:04 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
STERIS plc is covered by 25 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Owczarski | Avondale Partners |
| Michael Polark | Baird |
| Erin Wilson Wright | BofA Global Research |