SPX Corp (SPXC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,384,400 | 1,358,200 | 1,283,800 | 1,237,500 | 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 | 1,060,300 | 728,200 | 660,800 | 629,200 | 583,100 | 552,100 | 515,100 |
| 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, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,384,400K)
= 0.00
The debt-to-capital ratio of SPX Corp has consistently remained at 0.00 over the reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its operations and investments significantly relative to its capital structure. A debt-to-capital ratio of 0.00 suggests that the company is predominantly using equity financing rather than debt financing, which can be considered a conservative financial strategy that minimizes the financial risk and interest payment obligations associated with debt. However, it is essential to note that a low debt-to-capital ratio may also indicate missed opportunities for leveraging debt to potentially enhance returns on equity.
Peer comparison
Dec 31, 2024