Spectrum Brands Bonds

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SPB -- USA Stock  

Report: 31st of July 2020  

Spectrum Brands financial leverage is the degree to which the firm utilises its fixed-income securities. Companies with high leverage are usually considered to be at financial risk. Spectrum Brands Hold financial risk is the risk to Spectrum Brands stockholders that is caused by an increase in debt. In other words with a high degree of financial leverage come high interest payments which usually reduces Earnings Per Share (EPS). Additionally, take a look at the analysis of Spectrum Brands Fundamentals Over Time.

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Spectrum Brands Debt Current is projected to increase significantly based on the last few years of reporting. The past year's Debt Current was at 147.6 Million. The current year Long Term Debt to Equity is expected to grow to 1.91, whereas Total Debt is forecasted to decline to about 2.8 B.

  Spectrum Brands Quarterly Debt to Equity Ratio

Spectrum Brands Bond Ratings

Total Macroaxis Rating
Dangerous
Average S&P Rating
B
Piotroski F Score
7  Strong

Spectrum Brands Hold Debt to Cash Allocation

The company has 3.11 B in debt with debt to equity (D/E) ratio of 2.55, meaning that the company heavily relies on borrowing funds for operations. Spectrum Brands Hold has a current ratio of 2.34, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due.

Spectrum Brands Inventories Over Time

 

Spectrum Brands Corporate Bonds Issued

Issue DateMaturityCouponRef CouponS&P Rating
84762LAL9 6.75%03/22/201303/15/20206.751.5
B
84762LAN5 6.375%01/27/201411/15/20206.3751.5
B
84762LAQ8 6.625%01/27/201411/15/20226.6252.0
B

Spectrum Brands Hold Historical Liabilities

Understending Spectrum Brands Use of Financial Leverage

Spectrum Brands financial leverage ratio helps in determining the effect of debt on the overall profitability of the company. It measures Spectrum Brands's total debt position, including all of outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Spectrum Brands assets, the company is considered highly leveraged. Understanding the composition and structure of overall Spectrum Brands debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business and if it is worth investing in it. Please read more on our technical analysis page.
Last ReportedProjected for 2020
Total Debt3.3 B2.8 B
Debt Current147.6 M159.3 M
Debt Non Current3.1 B2.7 B
Issuance Repayment of Debt Securities-395.4 M-405.8 M
Long Term Debt to Equity 1.86  1.91 
Debt to Equity Ratio 1.88  1.94 
Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. Spectrum Brands Holdings, Inc. is headquartered in Middleton, Wisconsin. Spectrum Brands operates under Household Personal Products classification in the United States and is traded on BATS Exchange. It employs 11000 people.

Current Sentiment - SPB

Spectrum Brands Hold Investor Sentiment

Greater number of Macroaxis users are at this time bullish on Spectrum Brands Holdings. What is your outlook on investing in Spectrum Brands Holdings? Are you bullish or bearish?
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98% Bullish
2% Bearish
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Additionally, take a look at the analysis of Spectrum Brands Fundamentals Over Time. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
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