SPX Corp (SPXC)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total assets US$ in thousands 2,714,500 2,806,000 2,783,100 2,799,600 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 2,297,700 2,250,000 2,256,400 2,221,900
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, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,714,500K
= 0.00

The debt-to-assets ratio for SPX Corp has consistently remained at 0.00 over the past several quarters, indicating that the company has no debt relative to its total assets. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity or other non-debt sources. While a low or zero debt-to-assets ratio may signal financial stability and lower financial risk, it may also indicate a missed opportunity to leverage debt financing for potential growth or tax benefits. It is essential to consider the overall financial strategy and objectives of SPX Corp in interpreting this ratio within the context of its operations and industry dynamics.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
SPX Corp
SPXC
0.00
Lincoln Electric Holdings Inc
LECO
0.00