SPX Corp (SPXC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,384,400 | 1,194,600 | 1,079,200 | 1,102,900 | 629,200 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,384,400K)
= 0.00
Based on the data provided, the debt-to-capital ratio of SPX Corp has been consistently at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure or that its debt is negligible compared to its total capital. This implies that the company relies primarily on equity financing rather than debt to fund its operations and investments. A low or zero debt-to-capital ratio can signify a strong financial position, as the company has lower financial risk and less interest expense burden. It may also suggest that the company has a higher creditworthiness and may be viewed favorably by investors and creditors. However, it is important to consider other financial indicators and metrics in conjunction with the debt-to-capital ratio to gain a comprehensive understanding of SPX Corp's financial health and performance.
Peer comparison
Dec 31, 2024