SPX Corp (SPXC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,194,600 | 1,146,900 | 1,172,600 | 1,126,100 | 1,079,200 | 1,079,700 | 1,088,600 | 1,115,800 | 1,102,900 | 1,070,800 | 739,500 | 671,700 | 640,100 | 583,100 | 552,100 | 515,100 | 511,500 | 461,300 | 436,700 | 415,300 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,194,600K)
= 0.00
Based on the data provided, the debt-to-capital ratio for SPX Corp has consistently been reported as 0.00 across multiple quarters, indicating that the company has not had any debt in relation to its capital during this period. A debt-to-capital ratio of 0.00 suggests that the company has funded its operations and investments primarily through equity rather than debt financing. This can be perceived as a positive sign of financial stability and lower financial risk, as the company is not relying on borrowed funds to support its operations. However, it is important to note that a debt-to-capital ratio of 0.00 may also raise questions about the company's efficient use of leverage to maximize shareholder returns. Further analysis of the company's capital structure and financial strategy would be needed to provide a more comprehensive assessment of its overall financial health.
Peer comparison
Dec 31, 2023