SPX Corp (SPXC)
Debt-to-equity 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-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, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,384,400K
= 0.00
The debt-to-equity ratio for SPX Corp has consistently been reported as 0.00 for each quarter from March 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 signifies that the company does not rely on debt financing to fund its operations or growth, which may reflect a conservative financial strategy or strong cash reserves. This stability in the debt-to-equity ratio suggests that SPX Corp has a strong financial position with a low level of financial leverage, which can be favorable in terms of financial risk and the ability to weather economic downturns.
Peer comparison
Dec 31, 2024