Seagate Technology

STX Enterprise IT & Services 3/10 Low Risk

3/10

— 3 → 3 over 15 weeks

Sector avg: 3.0/10

Seagate Technology carries $964M in long-term debt, with $3.9B in scheduled principal maturities. STX shows a strong cash position ($1.1B) that could cover most of its debt obligations. DebtCanary scores STX at 3/10, suggesting manageable refinancing risk.

Maturity Schedule

As of 2026-04-03 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.

⚠ This schedule may be incomplete: some maturity buckets were excluded because they only appear in older filings. Totals and concentration are not computed from partial schedules.

Period	Amount Due	% of Total
Year 1 (0-12 months)	N/A	N/A
Year 2 (12-24 months)	$0	0.0%
Year 3 (24-36 months)	$399M	10.2%
Year 4 (36-48 months)	$430M	11.0%
Year 5 (48-60 months)	$638M	16.3%
Beyond 5 Years	$2.4B	62.4%
Total Scheduled Maturities	$3.9B	100.0%

Why don't these totals match? Total scheduled maturities ($3.9B) exceeds balance-sheet long-term debt ($964M) by about 75%. 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 (2026-04-03 vs 2026-04-03). Both numbers are shown exactly as reported to the SEC.

Key Metrics

Total Long-Term Debt

$964M

Near-Term (12mo)

N/A

Interest Coverage

5.7x

Debt/Equity

0.88

Cash Coverage

N/A

Operating Income

$1.9B

EBITDA

$2.1B

Debt / EBITDA

0.5x

EBITDA / Interest

6.4x

How This Score Was Computed

Weighted average of 2 scored components (raw 3.00, rounded to 3). Weights of skipped components are redistributed proportionally among those scored.

Component	Value	Sub-Score	Weight Used
Near-Term Maturity Concentration Parts of the maturity schedule only appear in older filings, so concentration would be measured against an incomplete total. Skipped rather than reported as a misleadingly high number.	N/A	—	not scored
Interest Coverage Ratio Show calculation Operating income / Interest expense Operating income: $1.9B Interest expense: $332M	5.69x	3/10	50%
Debt-to-Equity Ratio Show calculation Long-term debt / Stockholders' equity Long-term debt: $964M Stockholders' equity: $1.1B	0.88	3/10	50%
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
2026-06-12	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
2026-04-28	8-K	Earnings Results, Reg FD Disclosure
2026-02-19	8-K	Unregistered Share Sale, Reg FD Disclosure, Other Events
2026-02-12	8-K	Unregistered Share Sale, Reg FD Disclosure, Other Events

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-04-03. Filing date: 2026-04-29. Data last fetched: 2026-07-26. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for Seagate Technology →