SPX Corp (SPXC)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,194,600 | 1,079,200 | 1,102,900 | 640,100 | 511,500 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,194,600K)
= 0.00
Based on the data provided for SPX Corp's debt-to-capital ratio from December 31, 2019, to December 31, 2023, it is evident that the company has consistently maintained a debt-to-capital ratio of 0.00 throughout this period. This indicates that the company has not relied on debt financing to fund its operations and investments but has instead primarily used equity or retained earnings to finance its activities.
A debt-to-capital ratio of 0.00 implies that the company's total debt is either non-existent or negligible compared to its total capital, which comprises both debt and equity. This can be viewed positively by investors and creditors as it suggests a low risk of financial distress due to excessive debt levels and a strong financial position. However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-capital ratio to obtain a comprehensive assessment of SPX Corp's financial health and risk profile.
Peer comparison
Dec 31, 2023