SPX Corp (SPXC)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,439,700 | 2,473,000 | 2,501,600 | 2,021,400 | 1,930,900 | 2,482,500 | 2,489,600 | 2,567,200 | 2,628,600 | 2,489,800 | 2,410,500 | 2,297,000 | 2,333,700 | 2,250,000 | 2,256,400 | 2,221,900 | 2,167,800 | 2,062,400 | 2,067,300 | 2,101,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Based on the data provided, SPX Corp has consistently maintained a debt-to-assets ratio of 0.00 for the past several quarters. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets. This suggests that SPX Corp has been operating with a debt-free capital structure, which can be viewed positively as it signifies lower financial risk and potential stability in its financial position. However, it is also important to consider that having no debt may limit the company's ability to leverage debt for potential growth opportunities or tax advantages. Overall, the stability and solvency indicated by a consistent debt-to-assets ratio of 0.00 may provide investors with confidence in SPX Corp's financial health.
Peer comparison
Dec 31, 2023