STERIS Balance Sheet Health
Financial Health criteria checks 3/6
STERIS has a total shareholder equity of $6.3B and total debt of $3.2B, which brings its debt-to-equity ratio to 50.8%. Its total assets and total liabilities are $11.1B and $4.7B respectively. STERIS's EBIT is $906.0M making its interest coverage ratio 6.7. It has cash and short-term investments of $207.0M.
Key information
50.8%
Debt to equity ratio
US$3.21b
Debt
Interest coverage ratio | 6.7x |
Cash | US$207.02m |
Equity | US$6.32b |
Total liabilities | US$4.75b |
Total assets | US$11.06b |
Recent financial health updates
Is STERIS (NYSE:STE) Using Too Much Debt?
Jun 13STERIS (NYSE:STE) Has A Pretty Healthy Balance Sheet
Mar 07We Think STERIS (NYSE:STE) Can Stay On Top Of Its Debt
Nov 06These 4 Measures Indicate That STERIS (NYSE:STE) Is Using Debt Reasonably Well
Feb 01STERIS (NYSE:STE) Seems To Use Debt Quite Sensibly
Nov 01Is STERIS (NYSE:STE) A Risky Investment?
Jul 19Recent updates
Is 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 15An Intrinsic Calculation For STERIS plc (NYSE:STE) Suggests It's 23% Undervalued
Dec 17Should You Investigate STERIS plc (NYSE:STE) At US$203?
Nov 24Steris: Comprehensive Sterilization Portfolios Tailored To Procedure Volumes
Nov 08We Think STERIS (NYSE:STE) Can Stay On Top Of Its Debt
Nov 06Are STERIS plc (NYSE:STE) Investors Paying Above The Intrinsic Value?
Sep 18Steris: Remains On Track For Strong Fiscal '24, Added Upsides From Operating Leverage
Sep 01When Should You Buy STERIS plc (NYSE:STE)?
Aug 10Steris: 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 01These 4 Measures Indicate That STERIS (NYSE:STE) Is Using Debt Reasonably Well
Feb 01Calculating The Intrinsic Value Of STERIS plc (NYSE:STE)
Dec 28Steris declares $0.47 dividend
Nov 02STERIS (NYSE:STE) Seems To Use Debt Quite Sensibly
Nov 01Steris: Non-GAAP Valuations Supportive Of Substantial Upside
Sep 04STERIS (NYSE:STE) Will Pay A Larger Dividend Than Last Year At $0.47
Aug 18STERIS' (NYSE:STE) Dividend Will Be Increased To $0.47
Aug 04Steris Non-GAAP EPS of $1.90 in-line, revenue of $1.2B misses by $20M
Aug 02Is STERIS (NYSE:STE) A Risky Investment?
Jul 19Steris: Deleveraging Key Undercurrent, Valuation A Concern
Jun 12STERIS (NYSE:STE) Seems To Use Debt Quite Sensibly
Apr 08Financial Position Analysis
Short Term Liabilities: STE's short term assets ($2.9B) exceed its short term liabilities ($931.1M).
Long Term Liabilities: STE's short term assets ($2.9B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: STE's net debt to equity ratio (47.5%) is considered high.
Reducing Debt: STE's debt to equity ratio has increased from 37.1% to 50.8% over the past 5 years.
Debt Coverage: STE's debt is well covered by operating cash flow (30.4%).
Interest Coverage: STE's interest payments on its debt are well covered by EBIT (6.7x coverage).