SPX Corp (SPXC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,714,500 | 2,806,000 | 2,783,100 | 2,799,600 | 2,439,700 | 2,473,000 | 2,501,600 | 2,021,400 | 1,930,900 | 2,482,500 | 2,489,600 | 2,567,200 | 2,628,600 | 2,489,800 | 2,410,500 | 2,297,000 | 2,297,700 | 2,250,000 | 2,256,400 | 2,221,900 |
| 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 |
| Financial leverage ratio | 1.96 | 2.07 | 2.17 | 2.26 | 2.04 | 2.16 | 2.13 | 1.80 | 1.79 | 2.30 | 2.29 | 2.30 | 2.38 | 2.35 | 3.31 | 3.48 | 3.65 | 3.86 | 4.09 | 4.31 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,714,500K ÷ $1,384,400K
= 1.96
The financial leverage ratio of SPX Corp has been gradually declining over the past few years. It decreased from 4.31 as of March 31, 2020, to 1.96 as of December 31, 2024. This indicates a reduction in the company's reliance on debt financing compared to its equity. The decreasing trend in the financial leverage ratio suggests improved financial stability and a lower level of risk associated with debt. It shows that SPX Corp has been able to manage its debt levels effectively and has likely strengthened its balance sheet over time. The company's decreasing financial leverage ratio points towards a healthier financial position and improved overall financial performance.
Peer comparison
Dec 31, 2024