SPX Corp (SPXC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,439,700 | 1,930,900 | 2,628,600 | 2,333,700 | 2,167,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,439,700K
= 0.00
SPX Corp has consistently maintained a debt-to-assets ratio of 0.00 across the years 2019 to 2023. This implies that the company has financed its assets entirely through equity rather than debt. A debt-to-assets ratio of 0.00 indicates a low to no financial risk arising from debt obligations and suggests a strong financial position. However, it's essential to note that this may also reflect a missed opportunity to take advantage of potential tax benefits associated with debt financing. Further analysis may be needed to understand the rationale behind SPX Corp's financing decisions and its overall capital structure strategy.
Peer comparison
Dec 31, 2023