Schnitzer Steel Industries (SCHN) Debt Metrics
Market Cap: $906.73M
Avg Volume: 184.06K
Industry: Steel
Sector: Basic Materials
How much debt does Schnitzer Steel Industries have?
According to Schnitzer Steel Industries's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Schnitzer Steel Industries's total debt stands at $365.31M. This is broken down into:
- Long-term debt: $339.67M
- Short-term debt: $25.65M
The company's net debt, which accounts for cash and cash equivalents, is $359.28M. In terms of overall financial obligations, Schnitzer Steel Industries's total liabilities amount to $804.29M.
Debt Ratios and Metrics
To better understand Schnitzer Steel Industries's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.40 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 21.29% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: -0.21 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 27.22% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 28.69% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Schnitzer Steel Industries's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$365.31M
Long-term Debt
$339.67M
Short-term Debt
$25.65M
Net Debt
$359.28M
Total Liabilities
$804.29M
Interest Coverage
-0.21
Debt to Equity Ratio
0.40
Debt Ratio
21.29%
Schnitzer Steel Industries Historical Debt Metrics
Schnitzer Steel Industries Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2023.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $365.31M | $339.67M | $25.65M | $359.28M | $804.29M | 0.40 | 21.29% | -0.21 | 27.22% | 28.69% |
| 2022 | $371.87M | $344.17M | $27.70M | $328.07M | $868.12M | 0.39 | 20.36% | 17.78 | 26.51% | 28.05% |
| 2021 | $209.53M | $184.46M | $25.07M | $181.72M | $654.58M | 0.25 | 14.02% | 29.46 | 18.08% | 20.05% |
| 2020 | $229.42M | $227.24M | $2.18M | $211.53M | $549.49M | 0.34 | 18.65% | -4.24 | 25.14% | 25.32% |
| 2019 | $105.10M | $103.78M | $1.32M | $92.72M | $459.45M | 0.15 | 9.05% | 3.82 | 12.96% | 13.10% |
| 2018 | $107.38M | $106.24M | $1.14M | $102.65M | $434.71M | 0.16 | 9.72% | 16.59 | 13.76% | 13.88% |
| 2017 | $145.12M | $144.40M | $721.00K | $137.84M | $396.26M | 0.27 | 15.54% | 6.93 | 21.30% | 21.38% |
| 2016 | $192.52M | $184.14M | $8.37M | $165.70M | $390.00M | 0.39 | 21.60% | -0.88 | 27.01% | 27.89% |
| 2015 | $228.16M | $227.57M | $584.00K | $205.40M | $423.75M | 0.43 | 23.71% | -21.27 | 29.86% | 29.91% |
| 2014 | $319.37M | $318.84M | $523.00K | $293.69M | $579.23M | 0.41 | 23.57% | 1.88 | 29.26% | 29.30% |
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