SPX Corp (SPXC)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,194,600K
= 0.00
The debt-to-equity ratio of SPX Corp has consistently been recorded as 0.00 across the five years from 2019 to 2023. This indicates that the company has not had any financial leverage in its capital structure during this period, as its debt levels have been equivalent to its equity levels or possibly even lower. A debt-to-equity ratio of 0.00 typically suggests that the company is financing its operations primarily through equity, implying a conservative financial strategy with minimal reliance on debt for funding. SPX Corp's stable and low debt-to-equity ratio may indicate a strong financial position and lower financial risk due to the absence of debt obligations that need to be serviced. However, it's important to note that a very low debt-to-equity ratio could also imply missed opportunities for leveraging debt for potential growth or business expansion.
Peer comparison
Dec 31, 2023