An issue of Staples, Inc. (NASDAQ:SPLS) debt rose 1.8% as a percentage of its face value during trading on Thursday. The debt issue has a 8.5% coupon and is set to mature on September 15, 2025. The debt is now trading at $96.00 and was trading at $93.25 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.
Shares of SPLS remained flat at $$10.25 during mid-day trading on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.87 and a current ratio of 1.43. Staples, Inc. has a 12-month low of $7.24 and a 12-month high of $10.26.
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Staples, Inc (Staples) is a provider of products and services that serve the needs of business customers and consumers. The Company offers a range of print and marketing and technology services. The Company’s segments include North American Delivery, North American Retail and Other. The North American Delivery segment consists of the United States and Canadian businesses, including Staples Business Advantage, staples.com, staples.ca, and quill.com, that sell and deliver products and services primarily to businesses.
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