How much debt does Startek have?
According to Startek's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Startek's total debt stands at $217.05M. This is broken down into:
- Long-term debt: $67.83M
- Short-term debt: $149.22M
The company's net debt, which accounts for cash and cash equivalents, is $194.59M. In terms of overall financial obligations, Startek's total liabilities amount to $374.48M.
Debt Ratios and Metrics
To better understand Startek's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.16 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 34.67% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 2.35 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 26.54% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 53.62% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Startek'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
$217.05M
Long-term Debt
$67.83M
Short-term Debt
$149.22M
Net Debt
$194.59M
Total Liabilities
$374.48M
Interest Coverage
2.35
Debt to Equity Ratio
1.16
Debt Ratio
34.67%
Startek Historical Debt Metrics
Startek Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2022.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | $217.05M | $67.83M | $149.22M | $194.59M | $374.48M | 1.16 | 34.67% | 2.35 | 26.54% | 53.62% |
| 2021 | $238.68M | $202.18M | $34.24M | $190.74M | $389.15M | 1.21 | 36.80% | 2.59 | 50.86% | 54.76% |
| 2020 | $207.38M | $73.56M | $15.51M | $162.87M | $357.77M | 0.45 | 14.73% | 2.05 | 27.26% | 31.21% |
| 2019 | $248.89M | $184.49M | $64.40M | $228.42M | $386.30M | 1.11 | 37.82% | 1.21 | 45.05% | 52.52% |
| 2018 | $185.69M | $152.10M | $33.59M | $169.07M | $328.27M | 0.80 | 30.71% | -1.13 | 39.70% | 44.56% |
| 2017 | $24.93M | $22.21M | $2.73M | $23.48M | $49.06M | 0.53 | 25.97% | -0.76 | 32.12% | 34.69% |
| 2016 | $34.27M | $5.50M | $28.77M | $33.23M | $62.06M | 0.77 | 32.08% | 1.64 | 10.95% | 43.37% |
| 2015 | $43.90M | $8.19M | $35.71M | $41.27M | $73.75M | 1.05 | 37.95% | -12.30 | 16.34% | 51.15% |
| 2014 | $4.64M | $- | $4.64M | $-666.00K | $39.11M | 0.08 | 4.95% | -815.00 | 0.00% | 7.82% |
| 2013 | $1.00M | $- | $1.00M | $-9.99M | $31.54M | 0.02 | 1.11% | -2.91 | 0.00% | 1.69% |
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