SPX Corp (SPXC)
Debt-to-equity 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-equity 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-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 reported as 0.00 for the periods reviewed. This indicates that as of each reporting date, the company has not utilized debt to finance its operations and investments. A debt-to-equity ratio of 0.00 suggests that SPX Corp relies solely on equity financing, which may signify a conservative financial strategy. However, it is important to consider that this ratio provides a snapshot at a point in time and does not capture the full extent of the company's financial leverage or risk profile. Further analysis of the company's capital structure and debt obligations would be beneficial for a more comprehensive understanding of its financial health and stability.
Peer comparison
Dec 31, 2023