SPX Corp (SPXC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,714,500 | 2,439,700 | 1,930,900 | 2,628,600 | 2,297,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,714,500K
= 0.00
The debt-to-assets ratio of SPX Corp has consistently been 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This implies that the company has not utilized debt to finance its assets during these years. A debt-to-assets ratio of 0.00 indicates that the company's assets are entirely financed by equity, suggesting a low risk of financial distress due to debt obligations. It also signifies a strong financial position and potentially a conservative approach to capital structure. However, it is important to note that a low debt-to-assets ratio may also indicate missed opportunities for leveraging debt to potentially increase returns for shareholders.
Peer comparison
Dec 31, 2024