Seagate Technology

STX Enterprise IT & Services 1/10 Low Risk

1/10

↓ 3 → 1 over 21 weeks

Sector avg: 3.3/10

▼

Risk Score Decreased

3/10 → 1/10

Score changed by 2 points as of 2026-09-06.

What changed

▼ Interest coverage: 5.7x → 12.3x (improved)

▼ Debt-to-equity: 0.88 → 0.44 (improved)

Seagate Technology carries $964M in long-term debt, with $3.6B in scheduled principal maturities. STX shows a strong cash position ($1.7B) that could cover most of its debt obligations. DebtCanary scores STX at 1/10, suggesting manageable refinancing risk.

Maturity Schedule

As of 2026-07-03 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.

Period	Amount Due	% of Total
Year 1 (0-12 months)	$0	0.0%
Year 2 (12-24 months)	$186M	5.2%
Year 3 (24-36 months)	$381M	10.6%
Year 4 (36-48 months)	$636M	17.7%
Year 5 (48-60 months)	$599M	16.6%
Beyond 5 Years	$1.8B	50.0%
Total Scheduled Maturities	$3.6B	100.0%

Why don't these totals match? Total scheduled maturities ($3.6B) exceeds balance-sheet long-term debt ($964M) by about 73%. The two figures come from different disclosures: the maturity schedule aggregates gross principal repayments from the debt footnote — typically including the current portion of long-term debt and sometimes finance leases — while balance-sheet long-term debt is a carrying value that excludes the current portion and is net of unamortized discounts, premiums, and issuance costs. They can also come from filings with different period-end dates (2026-07-03 vs 2026-07-03). Both numbers are shown exactly as reported to the SEC.

Key Metrics

Total Long-Term Debt

$964M

Near-Term (12mo)

Interest Coverage

12.3x

Debt/Equity

0.44

Cash Coverage

N/A

Operating Income

$4.1B

EBITDA

$4.4B

Debt / EBITDA

0.2x

EBITDA / Interest

13.2x

How This Score Was Computed

Weighted average of 3 scored components (raw 1.00, rounded to 1). Weights of skipped components are redistributed proportionally among those scored.

Component	Value	Sub-Score	Weight Used
Near-Term Maturity Concentration Show calculation Year-1 maturities / Total scheduled maturities Year-1 maturities: $0 Total scheduled maturities: $3.6B	0.0%	1/10	37%
Interest Coverage Ratio Show calculation Operating income / Interest expense Operating income: $4.1B Interest expense: $332M	12.33x	1/10	31%
Debt-to-Equity Ratio Show calculation Long-term debt / Stockholders' equity Long-term debt: $964M Stockholders' equity: $2.2B	0.44	1/10	31%
Cash Coverage of Near-Term Debt No near-term debt obligation was reported (no Year-1 maturity bucket and no balance-sheet short-term debt).	N/A	—	not scored
Cash Runway Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.	N/A	—	not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from Seagate Technology's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date	Form	Details
2026-09-04	8-K	Officer / Director Change
2026-08-04	10-K	Annual report
2026-07-28	8-K	Earnings Results, Reg FD Disclosure
2026-06-12	8-K	Reg FD Disclosure, Other Events
2026-05-28	8-K	Unregistered Share Sale, Reg FD Disclosure, Other Events
2026-05-21	8-K	Unregistered Share Sale, Reg FD Disclosure, Other Events
2026-05-06	8-K	Officer / Director Change
2026-04-29	10-Q	Quarterly report

Related Companies

International Business Machines

IBM

4/10

Debt: $62.0B 12mo: $6.7B

Hewlett Packard Enterprise

HPE

4/10

Debt: $21.7B 12mo: $3.8B

Dell Technologies

DELL

2/10

Debt: $31.2B 12mo: $3.4B

Cisco Systems

CSCO

3/10

Debt: $22.9B 12mo: $3.5B

HPQ

2/10

Debt: $9.7B 12mo: $847M

NetApp

NTAP

4/10

Debt: $2.5B 12mo: $550M

Debt: $1.1B 12mo: $2.2B

Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-07-03. Filing date: 2026-08-04. Data last fetched: 2026-09-06. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for Seagate Technology →