SPX Corp (SPXC)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,384,400K
= 0.00
The debt-to-equity ratio of SPX Corp has remained consistently at 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations during this period, or the amount of debt incurred is negligible compared to the equity invested in the business. A debt-to-equity ratio of 0.00 suggests that the company relies primarily on equity financing, which implies a lower financial risk as there is no significant debt burden to service. However, it is important to consider whether this low ratio may limit the company's ability to leverage financial resources for growth opportunities or capital expansion in the future.
Peer comparison
Dec 31, 2024