Scotts Miracle-Gro Debt-to-Equity Ratio Growth & History (SMG)

Scotts Miracle-Gro's debt-to-equity ratio was 22.33 for fiscal 2022.

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Scotts Miracle-Gro annual debt-to-equity ratio history

Scotts Miracle-Gro annual debt-to-equity ratio

Fiscal yearPeriod endedDebt-to-equity ratioChangeGrowth
20222022-09-3022.3319.74+760.94%
20212021-09-302.590.13+5.25%
20202020-09-302.460.16+6.76%
20192019-09-302.31−3.38−59.40%
20182018-09-305.693.53+163.32%
20172017-09-302.160.46+27.02%
20162016-09-301.70−0.16−8.84%
20152015-09-301.860.45+31.66%
20142014-09-301.420.61+76.41%
20132013-09-300.80−0.50−38.24%
20122012-09-301.30−0.12−8.45%
20112011-09-301.420.59+71.87%
20102010-09-300.83−0.29−25.66%
20092009-09-301.11

Scotts Miracle-Gro debt-to-equity ratio trends

Over the last five fiscal years, Scotts Miracle-Gro's debt-to-equity ratio increased from 2.16 to 22.33, a change of 20.17. The latest reported quarter, Q3 2023, shows 25.16.

About the metric

What the debt-to-equity ratio means

The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.

Calculation and source

How debt-to-equity is calculated

TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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