STE · 10-Q · 2026Q2 · Full report
Liquidity and Debt Position
STERIS plc · 2026-08-07 · Importance 31 · Surprise 6 · Matches filing data
STERIS’s debt-to-total-capital ratio was 20.9% at June 30, 2026, down from 21.5% at June 30, 2025. Net payments under credit facilities were $37.8 million in the first three months of fiscal 2027, compared with $30.5 million in fiscal 2026, while interest expense was $15.8 million versus $15.9 million. The Company had no outstanding borrowings under its Revolving Credit Facility at June 30, 2026, with $9.6 million of letters of credit outstanding. Commercial commitments totaled approximately $165.7 million at June 30, 2026, up $4.4 million from March 31, 2026.
Key facts
- Summarized obligor group balance sheet items at June 30: receivables due from non-issuers and non-guarantor subsidiaries $21,978.4 million; total current assets $22,979.1 million; total current liabilities $27,113.6 million; total non-current liabilities $1,944.9 million. source
- Net cash used in financing activities detail: during first three months of fiscal 2027, repurchases 0.5 million shares for $100.0 million and obtained 0.1 million shares for $15.5 million in share-based programs; cash dividends paid $61.4 million; net payments under credit facilities $37.8 million. source
- Payments on Private Placement Senior Notes: during the first three months of fiscal 2026, STERIS repaid $125.0 million of Private Placement Senior Notes upon maturity. source
- Summarized obligor group revenues for three months ended June 30: $817.0 million; gross profit $445.0 million; income from operations $229.2 million; net income $396.7 million. source
- Commercial commitments were approximately $165.7 million at June 30, 2026, reflecting a net increase of $4.4 million in surety bonds and other commercial commitments from March 31, 2026. source
- Net cash used in financing activities for the three months ended June 30, 2026: $(213.5) million, compared to $(213.1) million for the three months ended June 30, 2025. source
- Net cash used in investing activities for the three months ended June 30, 2026: $(108.5) million, same as $(108.5) million for the three months ended June 30, 2025. source
- Debt-to-total capital ratio was 20.9% at June 30, 2026 and 21.3% at March 31, 2026 (also reported as 21.5% at June 30, 2025 elsewhere). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -0.6% | Net cash used in financing activities detail: during first three months of fiscal 2027, repurchases 0.5 million shares for $100.0 million… |
| cash | negative | realized | -0.3% | Net cash used in financing activities detail: during first three months of fiscal 2027, repurchases 0.5 million shares for $100.0 million… |
| cash | negative | realized | -0.1% | Net cash used in financing activities detail: during first three months of fiscal 2027, repurchases 0.5 million shares for $100.0 million… |