Sterling Consolidated (Sterling Consolidated) Debt-to-Equity : 1.19 (As of Sep. 2022)

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What is Sterling Consolidated Debt-to-Equity?

Sterling Consolidated's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.99 Mil. Sterling Consolidated's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $1.92 Mil. Sterling Consolidated's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $2.44 Mil. Sterling Consolidated's debt to equity for the quarter that ended in Sep. 2022 was 1.19.

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 Sterling Consolidated's Debt-to-Equity or its related term are showing as below:

STCC's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

Sterling Consolidated Debt-to-Equity Historical Data

The historical data trend for Sterling Consolidated'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.

Sterling Consolidated Debt-to-Equity Chart

Sterling Consolidated Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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4.79

4.38

2.68

2.64

1.26

Sterling Consolidated Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															1.48	1.26	1.17	0.99	1.19

Competitive Comparison of Sterling Consolidated's Debt-to-Equity

For the Specialty Chemicals subindustry, Sterling Consolidated'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.

Sterling Consolidated's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sterling Consolidated's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sterling Consolidated's Debt-to-Equity falls into.

Sterling Consolidated Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sterling Consolidated's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.494	+	2.459)	/	2.338
	=	1.26

Sterling Consolidated's Debt to Equity Ratio for the quarter that ended in Sep. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.985	+	1.915)	/	2.439
	=	1.19

Sterling Consolidated (OTCPK:STCC) 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.

Sterling Consolidated Debt-to-Equity Related Terms

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

Sterling Consolidated (Sterling Consolidated) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sterling Consolidated Corp (OTCPK:STCC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1105 Green Grove Road, Neptune, NJ, USA, 07753

Website

http://www.sterlingconsolidated.com

Sterling Consolidated Corp is engaged in the distribution and sale of O-rings used for sealing purposes. It also distributes rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealantsbna. These are used in different industries such as automotive, pump, transmissions, oil and energy, machinery, and packaging. It is mainly used as seals to prevent leakage of liquids or air. The company generates most of its revenues through the sale of O-rings and rubber seal products in the US.

Executives

Darren Derosa

director, 10 percent owner, officer: Chief Executive Officer

1105 GREEN GROVE ROAD, NEPTUNE NJ 07753