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What is Space Exploration Technologies Cash-to-Debt?
Space Exploration TechnologiesXSWX:SPCX +0.26%6 Cash-to-Debt is 1.06 as of Dec. 2025, which is 10% above its 10-year median of 0.96. GuruFocus rates XSWX:SPCX with a GF Score™ of 6/100. The stock has 1 warning sign investors should review. Among 345 Aerospace & Defense companies, Space Exploration Technologies ranks better than 51.01% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Space Exploration Technologies's cash to debt ratio for the quarter that ended in Dec. 2025 was 1.06.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Space Exploration Technologiescould pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for Space Exploration Technologies's Cash-to-Debt or its related term are showing as below:
XSWX:SPCX'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.86 Med: 0.96 Max: 1.06
Current: 1.06
During the past 3 years, Space Exploration Technologies's highest Cash to Debt Ratio was 1.06. The lowest was 0.86. And the median was 0.96.
XSWX:SPCX's Cash-to-Debt is ranked better than 51.01% of 345
companies
in the Aerospace & Defense industry
Industry Median: 0.97
vs XSWX:SPCX: 1.06
Space Exploration Technologies (XSWX:SPCX) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Space Exploration Technologies Cash-to-Debt Related Terms
Space Exploration Technologies Cash-to-Debt Historical Data
* 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Space Exploration Technologies Cash-to-Debt Chart
Space Exploration Technologies Annual Data
Trend
Dec23
Dec24
Dec25
Cash-to-Debt
N/A
0.86
1.06
Space Exploration Technologies Semi-Annual Data
Dec23
Dec24
Dec25
Cash-to-Debt
N/A
0.86
1.06
XSWX:SPCX vs GE, RTX, BA: Cash-to-Debt Comparison
For the Aerospace & Defense subindustry, Space Exploration Technologies's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.
Space Exploration Technologies Cash-to-Debt vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Space Exploration Technologies's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Space Exploration Technologies's Cash-to-Debt falls into.
* 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.
Space Exploration Technologies (XSWX:SPCX) has a Cash-to-Debt of 1.06 as of Dec. 2025. This is 10% above median its historical median of 0.96. Over the past decade, Space Exploration Technologies' Cash-to-Debt has ranged from 0.86 to 1.06. According to the industry distribution chart, Space Exploration Technologies ranks #169 out of 345 companies in the Aerospace & Defense industry, placing it in the top 49%.
Is Space Exploration Technologies' Cash-to-Debt too high?
Space Exploration Technologies' current Cash-to-Debt of 1.06 is 10% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 1.06. The Aerospace & Defense industry median Cash-to-Debt is 0.97. Space Exploration Technologies' value of 1.06 is 9.3% above this industry median. Based on the distribution chart, Space Exploration Technologies ranks #169 out of 345 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Space Exploration Technologies has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Space Exploration Technologies' Cash-to-Debt compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Space Exploration Technologies ranks #169 out of 345 companies for Cash-to-Debt. This puts Space Exploration Technologies in the upper half of its industry. The industry median Cash-to-Debt is 0.97. Space Exploration Technologies' value of 1.06 is 9.3% above this benchmark. Historically, Space Exploration Technologies' own Cash-to-Debt has ranged from 0.86 to 1.06 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.97, Space Exploration Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Aerospace & Defense company?
The median Cash-to-Debt among Aerospace & Defense companies is 0.97, based on 345 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Space Exploration Technologies's current Cash-to-Debt of 1.06 is 9.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median Cash-to-Debt is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Exploration Technologies's current Cash-to-Debt is 1.06, which is 10% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Exploration Technologies stock overvalued right now?
Space Exploration Technologies (XSWX:SPCX) has a current Cash-to-Debt of 1.06. The current Cash-to-Debt is 1.06, which is 10% above median its 10-year median of 0.96 and 9.3% above the Aerospace & Defense industry median of 0.97. Space Exploration Technologies' overall GF Score™ is 6/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Space Exploration Technologies (XSWX:SPCX), the current Cash-to-Debt is 1.06 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Founded in 2002 and commonly known as SpaceX, the Space Exploration Technologies Corporation designs, manufactures, and operates a family of reusable rockets to launch various payloads into Earth orbit for government and commercial customers. Starting in 2019, the company began launching a constellation of its own communication satellites to provide mobile broadband and wireless services under the Starlink brand. In early 2026, the company acquired xAI from its founder, Elon Musk, which operates a large language artificial intelligence model named Grok, a gigawatt-scale data center called Colossus, and the social media network X.
6GF Score
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