Schmitt Industries Debt to Equity

Schmitt Industries posts a debt-to-equity ratio of 30.57. That is above the Industrials sector average of 1.29. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

For Industrials stocks, a debt-to-equity ratio near 1.29 is typical. Schmitt Industries's 30.57 is higher that level. That is roughly 2266.2% above the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

Schmitt Industries's debt-to-equity ratio of 30.57 comes from dividing a price-based measure by a related financial statistic. Changes can come from the stock price moving, the underlying fundamental shifting, or both. Track both the level and the trend — a rising multiple on falling fundamentals is a different story than a rising multiple on rising earnings.

Context for SMIT's debt-to-equity ratio usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 1.29), and (3) consistency with growth and profitability. This page covers the first two; Schmitt Industries's other metric pages and overview cover the third.

Judging Schmitt Industries against Industrials peers is usually better than using a market-wide rule of thumb. Business models inside Industrials are more comparable, which makes gaps in debt-to-equity ratio easier to interpret. Start with 30.57 here, then scan peer and history charts to see if the gap is persistent.