What is the debt of Shyft Group this year?
Shyft Group has a debt level of 74.87 USD this year.
Shyft Group Debt 2024
Shyft Group Debt
74.87 USD
Ticker
SHYF
ISIN
US8256981031
WKN
A2P56J
In 2024, Shyft Group's total debt was 74.87 USD, a 16.07% change from the 64.5 USD total debt recorded in the previous year.
Shyft Group Aktienanalyse
What does Shyft Group do?
The Shyft Group Inc is a leading company in the specialty vehicles sector, headquartered in Novi, Michigan, USA. The company's history dates back to 1952 when it was founded under the name Brown Industries. Since then, the company has continuously evolved and is now a key player in various segments of the transportation industry. The business model of Shyft Group Inc is based on the development and manufacturing of vehicles tailored to the specific needs and requirements of customers. The company uses advanced technologies and materials to produce innovative and durable vehicles. The range of services includes the development of specialty vehicles for delivery, material transport, mobile workshops, emergency services, and mobile businesses. Overall, the company consists of four different divisions. The first division, Shyft Fleet Vehicles and Services, specializes in the development and manufacturing of commercial vehicles. This includes courier, parcel delivery, utility vehicles, and heavy-duty transporters. The vehicles of Shyft Fleet Vehicles and Services are manufactured in close collaboration with customers to meet the specific requirements of various industries such as agriculture, maintenance and repair of communication equipment, or automotive services. The second division of Shyft Group Inc is Spartan Emergency Response and manufactures specialized response vehicles, fire trucks, rescue vehicles, and command vehicles. These vehicles are used, for example, by fire departments or emergency medical services. The specialty vehicles are designed to be optimally tailored to the needs of different customers. The third division of Shyft Group Inc is Spartan Specialty Vehicles, which produces mobile businesses or mobile sales booths, for example. The vehicles of Spartan Specialty Vehicles are used, for instance, as mobile workshops or stationary solutions for dealers and events. Customers can have the vehicles customized to ensure that they meet the specific requirements of their respective companies or event organizers. The fourth division of Shyft Group Inc is Spartan Motors International, which specializes in the export of specialty vehicles abroad. This primarily reaches customers in Asia, Africa, and Europe. With this, Shyft Group Inc has been able to expand its global presence and steadily increase its revenue since the beginning of the export business. Shyft Group Inc offers a wide range of products, all tailored to the specific needs of customers. The already mentioned commercial vehicles and specialty vehicles form only part of the product offering. The company also produces so-called Morgan storage solutions, which have foldable walls and can be easily dismantled as truck bodies. The technologies used in the development and manufacturing of the vehicles are advanced and forward-thinking. An important argument for the company is the commitment to producing environmentally friendly and resource-efficient vehicles. For example, many of the vehicles have alternative propulsion or exhaust cleaning systems to reduce CO2 emissions and other pollutants. In summary, Shyft Group Inc is an important player in the specialty vehicles market. With four different divisions and a wide range of products, the company aims to serve customers in various industries and regions. The focus on customer orientation, innovation, and sustainability is a key unique selling point of the company. Shyft Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.Debt Details
Understanding Shyft Group's Debt Structure
Shyft Group's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.
Year-to-Year Comparison
Analyzing Shyft Group's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.
Impact on Investments
Investors pay close attention to Shyft Group’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.
Interpreting Debt Fluctuations
Shifts in Shyft Group’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.
Frequently Asked Questions about Shyft Group stock
What was the debt of Shyft Group compared to the previous year?
The debt of Shyft Group has increased by 16.07% compared to the previous year increased.
What are the consequences of high debt for investors in Shyft Group?
High debt can pose a risk for investors of Shyft Group, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.
What are the consequences of low debt for investors of Shyft Group?
Low debt means that Shyft Group has a strong financial position and is able to fulfill its obligations without overburdening its finances.
How does an increase in debt from Shyft Group affect the company?
An increase in debt of Shyft Group can adversely affect the financial condition of the company and result in a higher burden on its finances.
How does a reduction of debt of Shyft Group affect the company?
A reduction in debt of Shyft Group can strengthen the company's financial position and improve its ability to meet its financial obligations.
What are some factors that influence the debt of Shyft Group?
Some factors that can influence the debt of Shyft Group include investments, acquisitions, operating costs, and revenue development.
Why are the debts of Shyft Group so important for investors?
The debts of Shyft Group are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.
What strategic measures can Shyft Group take to change the debt?
To change the debt, Shyft Group can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.
How much dividend does Shyft Group pay?
Over the past 12 months, Shyft Group paid a dividend of 0.2 USD . This corresponds to a dividend yield of about 1.48 %. For the coming 12 months, Shyft Group is expected to pay a dividend of 0.22 USD.
What is the dividend yield of Shyft Group?
The current dividend yield of Shyft Group is 1.48 %.
When does Shyft Group pay dividends?
Shyft Group pays a quarterly dividend. This is distributed in the months of December, March, June, September.
How secure is the dividend of Shyft Group?
Shyft Group paid dividends every year for the past 23 years.
What is the dividend of Shyft Group?
For the upcoming 12 months, dividends amounting to 0.22 USD are expected. This corresponds to a dividend yield of 1.65 %.
In which sector is Shyft Group located?
Shyft Group is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Shyft Group kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Shyft Group from 9/16/2024 amounting to 0.05 USD, you needed to have the stock in your portfolio before the ex-date on 8/16/2024.
When did Shyft Group pay the last dividend?
The last dividend was paid out on 9/16/2024.
What was the dividend of Shyft Group in the year 2023?
In the year 2023, Shyft Group distributed 0.2 USD as dividends.
In which currency does Shyft Group pay out the dividend?
The dividends of Shyft Group are distributed in USD.
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Andere Kennzahlen von Shyft Group
Our stock analysis for Shyft Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Shyft Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
