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Scotts Miracle-Gro SMG Debt-to-equity

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Other financials

Income statement

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Revenue$1.5B+5.0%
Gross profit$610.5M+11.5%
Operating income$401.8M+14.9%
Net income$238.6M+9.7%
EPS (diluted)$4.04+8.6%

Balance sheet

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Cash & equivalents$6.2M-28.7%
Total debt$2.7B-5.5%
Total equity-$286.5M+1.2%
Total assets$3.4B-3.5%

Cash flow

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Operating cash flow-$370.4M+16.8%
CapEx$18.6M+124%
Free cash flow-$390.4M+17.7%

Valuation

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Market cap$3.76B+11.9%
Enterprise value$6.44B+3.7%
P/E7.8×
P/S1.1×+0.1×

Profitability

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Gross margin32.7%+3.4pp
Operating margin0.3%-0.2pp
Net margin1.6%+0.9pp
FCF margin10.8%-3.2pp

Returns & leverage

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Return on equity-47.6%+104pp
Current ratio1.3×-0.4×

Where this comes from

Calculated from Scotts Miracle-Gro’s reported figures.

Based on the most recent quarter.

The official record: Scotts Miracle-Gro’s 10-Q, filed August 7, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Scotts Miracle-Gro's debt-to-equity?
Scotts Miracle-Gro (SMG) reported debt-to-equity of 25.2× in Q2 2023.
How has Scotts Miracle-Gro's debt-to-equity changed year-over-year?
Scotts Miracle-Gro's debt-to-equity increased by 177.0% year-over-year, from 9.1× to 25.2×.
What is the long-term trend for Scotts Miracle-Gro's debt-to-equity?
Over 2 years (2020 to 2022), Scotts Miracle-Gro's debt-to-equity has grown at a 201.0% compound annual growth rate (CAGR), from 2.5× to 22.3×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.