Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Debt-to-Equity : -8.36 (As of Dec. 2023)

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What is Spirit AeroSystems Holdings Debt-to-Equity?

Spirit AeroSystems Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $74 Mil. Spirit AeroSystems Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,103 Mil. Spirit AeroSystems Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-500 Mil. Spirit AeroSystems Holdings's debt to equity for the quarter that ended in Dec. 2023 was -8.36.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Spirit AeroSystems Holdings's Debt-to-Equity or its related term are showing as below:

SPR' s Debt-to-Equity Range Over the Past 10 Years
Min: -16.01 Med: 0.68 Max: 8.65
Current: -8.36

During the past 13 years, the highest Debt-to-Equity Ratio of Spirit AeroSystems Holdings was 8.65. The lowest was -16.01. And the median was 0.68.

SPR's Debt-to-Equity is not ranked
in the Aerospace & Defense industry.
Industry Median: 0.445 vs SPR: -8.36

Spirit AeroSystems Holdings Debt-to-Equity Historical Data

The historical data trend for Spirit AeroSystems Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Spirit AeroSystems Holdings Debt-to-Equity Chart

Spirit AeroSystems Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.75

4.61

8.65

-16.01

-8.36

Spirit AeroSystems Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-16.01	-8.84	-6.27	-4.62	-8.36

Competitive Comparison of Spirit AeroSystems Holdings's Debt-to-Equity

For the Aerospace & Defense subindustry, Spirit AeroSystems Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Spirit AeroSystems Holdings's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Spirit AeroSystems Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Spirit AeroSystems Holdings's Debt-to-Equity falls into.

Spirit AeroSystems Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spirit AeroSystems Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(73.9	+	4103)	/	-499.7
	=	-8.36

Spirit AeroSystems Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(73.9	+	4103)	/	-499.7
	=	-8.36

Spirit AeroSystems Holdings (NYSE:SPR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Spirit AeroSystems Holdings Debt-to-Equity Related Terms

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Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Spirit AeroSystems Holdings Inc (NYSE:SPR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

S9Q:Germany

Address

3801 South Oliver Street, Wichita, KS, USA, 67210

Website

https://www.spiritaero.com

Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.

Executives

Alan W Young	officer: SVP Fab & Procurement Officer	3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Sean Black	officer: SVP, Engineering	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mindy Mcpheeters	officer: SVP, GC/Corp Sec	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Justin Welner	officer: SVP, CAO & CCO	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mark Miklos	officer: SVP, Defense & Space	3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Kailash Krishnaswamy	officer: SVP, Aftermarket	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Robert D Johnson	director	HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Ray James R Jr	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Fitzgerald William Augustus Iii	director	3801 S OLIVER, MC K11-60, WICHITA KS 67210
Patrick M Shanahan	director	C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122
Terry J George	officer: SVP, Boeing 737 Program	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Damon Christopher Ward	officer: Interim Corporate Controller	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Stephen Anthony Cambone	director	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mcmullen Victor Rodney Jr	officer: SVP, Wichita & Oklahoma Ops	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Scott Mclarty	officer: SVP, Airbus Programs	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210