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Spire Debt-to-Equity

: 1.38 (As of Sep. 2021)
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Spire's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $727.80 Mil. Spire's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $2,939.10 Mil. Spire's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $2,658.20 Mil. Spire's debt to equity for the quarter that ended in Sep. 2021 was 1.38.

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 Spire's Debt-to-Equity or its related term are showing as below:

NYSE:SRpA.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.67   Med: 1.24   Max: 1.75
Current: 1.38

0.67
1.75

During the past 13 years, the highest Debt-to-Equity Ratio of Spire was 1.75. The lowest was 0.67. And the median was 1.24.

NYSE:SRpA.PFD's Debt-to-Equity is ranked lower than
73% of the 494 Companies
in the Utilities - Regulated industry.

( Industry Median: 0.83 vs. NYSE:SRpA.PFD: 1.38 )

Spire Debt-to-Equity Historical Data

The historical data trend for Spire'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.

Spire Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.29 1.17 1.13 1.24 1.38

Spire Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.24 1.29 1.27 1.30 1.38

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Spire'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.

   

Spire Debt-to-Equity Distribution

For the Utilities - Regulated industry and Utilities sector, Spire's Debt-to-Equity distribution charts can be found below:

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



Spire Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spire's Debt to Equity Ratio for the fiscal year that ended in Sep. 2021 is calculated as

Spire's Debt to Equity Ratio for the quarter that ended in Sep. 2021 is calculated as

* 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.


Spire  (NYSE:SRpA.PFD) 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.


Spire Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Spire's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Spire Business Description

Spire logo
Industry
Utilities » Utilities - Regulated NAICS : 221210 SIC : 4924
Traded in Other Exchanges
Address
700 Market Street, Saint Louis, MO, USA, 63101
Spire Inc is a public utility holding company with two key business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis.
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