SPX Corp (SPXC)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
SPX Corp's solvency ratios indicate a consistently strong financial position with minimal debt relative to its assets, capital, and equity. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at 0.00 throughout the reported periods, suggesting that the company has no significant debt obligations compared to its total assets, capital, or equity.
Furthermore, the financial leverage ratio, which measures the company's level of debt relative to its equity, has steadily decreased from 4.31 in March 2020 to 1.96 in December 2024. This downward trend signifies the company's decreasing reliance on debt financing and improving financial stability.
Overall, based on these solvency ratios, SPX Corp appears to have a robust financial position with a conservative capital structure and a low level of financial risk.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.21 | 6.69 | 6.51 | 6.95 | 8.09 | 7.34 | 8.01 | 7.80 | 3.62 | 6.87 | 9.25 | 7.48 | 8.42 | 8.20 | 6.38 | 5.88 | 4.61 | 4.82 | 5.15 | 5.42 |
The interest coverage ratio for SPX Corp fluctuated over the period analyzed. It started at 5.42 in March 2020 and generally decreased until December 2020, reaching a low of 4.61. From March 2021 to June 2022, there was a steady increase in the interest coverage ratio, peaking at 9.25 in June 2022. However, the ratio declined in the following quarters and was at 7.21 by December 2024. Overall, the interest coverage ratio demonstrates the company's ability to meet its interest obligations, with higher ratios indicating stronger financial health and lower credit risk.