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The Scotts Miracle Gro Co (The Scotts Miracle Gro Co) Debt-to-Equity

: -7.85 (As of Dec. 2023)
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The Scotts Miracle Gro Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $55 Mil. The Scotts Miracle Gro Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,969 Mil. The Scotts Miracle Gro Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-385 Mil. The Scotts Miracle Gro Co's debt to equity for the quarter that ended in Dec. 2023 was -7.85.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for The Scotts Miracle Gro Co's Debt-to-Equity or its related term are showing as below:

SMG' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.87   Med: 2.83   Max: 57.25
Current: -7.85

During the past 13 years, the highest Debt-to-Equity Ratio of The Scotts Miracle Gro Co was 57.25. The lowest was -10.87. And the median was 2.83.

SMG's Debt-to-Equity is not ranked
in the Agriculture industry.
Industry Median: 0.335 vs SMG: -7.85

The Scotts Miracle Gro Co Debt-to-Equity Historical Data

The historical data trend for The Scotts Miracle Gro Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Scotts Miracle Gro Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.30 2.41 2.56 22.14 -10.87

The Scotts Miracle Gro Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.25 25.99 22.85 -10.87 -7.85

Competitive Comparison

For the Agricultural Inputs subindustry, The Scotts Miracle Gro Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Scotts Miracle Gro Co Debt-to-Equity Distribution

For the Agriculture industry and Basic Materials sector, The Scotts Miracle Gro Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The Scotts Miracle Gro Co's Debt-to-Equity falls into.



The Scotts Miracle Gro Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Scotts Miracle Gro Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

The Scotts Miracle Gro Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Scotts Miracle Gro Co  (NYSE:SMG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


The Scotts Miracle Gro Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of The Scotts Miracle Gro Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


The Scotts Miracle Gro Co (The Scotts Miracle Gro Co) Business Description

Traded in Other Exchanges
Address
14111 Scottslawn Road, Marysville, OH, USA, 43041
Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company's sales are to large retailers that include Home Depot, Lowe's, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business.
Executives
Nancy G. Mistretta director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Kelly Thomas N Jr director C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Hagedorn Partnerships L P 10 percent owner SCOTTS MIRACLE-GRO PRODUCTS INC, 800 PORT WASHINGTON BLVD, PORT WASHINGTON NY 11050
James Hagedorn director, 10 percent owner, officer: President and CEO C/O SCOTTS CO, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Julie Demuesy officer: SVP, CHIEF HUMAN RESOURCES 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Mark D Kingdon director 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Stephen L Johnson director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Edith Aviles director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Dimiter Todorov officer: EVP, GC & CORPORATE SECRETARY 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Matthew E Garth officer: EVP & CFO 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
David C Evans officer: EVP and CFO C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Peter E Shumlin director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Brian E Sandoval director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
James D King officer: EVP and CCO 14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Gerald Volas director C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603