SPX Technologies (SPX Technologies) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2023)

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What is SPX Technologies LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. SPX Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.21.

SPX Technologies's long-term debt to total assets ratio increased from Dec. 2022 (0.13) to Dec. 2023 (0.21). It may suggest that SPX Technologies is progressively becoming more dependent on debt to grow their business.

SPX Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for SPX Technologies's LT-Debt-to-Total-Asset 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.

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SPX Technologies LT-Debt-to-Total-Asset Chart

SPX Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.13

0.09

0.13

0.21

SPX Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.12	0.21	0.21	0.21

SPX Technologies LT-Debt-to-Total-Asset Calculation

SPX Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	523.1	/	2439.7
	=	0.21

SPX Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	523.1	/	2439.7
	=	0.21

SPX Technologies (NYSE:SPXC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

SPX Technologies LT-Debt-to-Total-Asset Related Terms

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SPX Technologies (SPX Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SPX Technologies Inc (NYSE:SPXC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SPW0:Germany

Address

6325 Ardrey Kell Road, Suite 400, Charlotte, NC, USA, 28277

Website

https://www.spx.com

SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through three segments. The HVAC segment designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. The Engineered Solutions segment engineers, designs, manufactures, installs and services transformers for the power transmission and distribution market. The company generates almost all of its revenue from American domestic market.

Executives

Natausha Heleena White	officer: VP and CHRO	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
J Randall Data	officer: Pres. - S. Africa & Global Op.	13024 BALLANTYNE CORPORATE PLACE, SUITE 700, CHARLOTTE NC 28277
Wayne M. Mclaren	officer: Chief Accounting Officer	C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, CHARLOTTE NC 28277
John Webster Nurkin	officer: VP, Gen. Counsel & Secretary	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Mark A Carano	officer: VP, CFO & Treasurer	13024 BALLANTYNE CORPORATE PLACE, #700, CHARLOTTE NC 28277
Sean Mcclenaghan	officer: PRESIDENT, GLOBAL COOLING	SPX TECHNOLOGIES, INC., 6325 ARDREY KELL ROAD, SUITE 400, CHARLOTTE NC 28277
Swann John William Iii	officer: Pres., Heating and Location &	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Michael Andrew Reilly	officer: Corp. Controller and CAO	2007 CHANNELSTONE WAY, MATTHEWS NC 28104
Lowe Eugene Joseph Iii	director, officer: President and CEO	13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
James E Harris	officer: VP, CFO and Treasurer	C/O RXO, INC., 11215 N. COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
Ankush Kumar	officer: President, SPX Global Cooling	C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, CHARLOTTE NC 28277
Brian G. Mason	officer: Pres. - SPX Transformer Sol.	C/O SPX CORPORATION, 13320-A BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Angel S Willis	director	C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
Scott William Sproule	officer: VP, CFO and Treasurer	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Meenal Sethna	director	8755 WEST HIGGINS ROAD, SUITE 500, CHICAGO IL 60631