SPEC (Spectaire Holdings) Debt-to-Equity: -0.42 (As of Jun. 2024)


What is Spectaire Holdings Debt-to-Equity?

Spectaire Holdings SPEC Debt-to-Equity is -0.42 as of Jun. 2024.

Spectaire Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $9.14 Mil. Spectaire Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.10 Mil. Spectaire Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $-21.87 Mil. Spectaire Holdings's debt to equity for the quarter that ended in Jun. 2024 was -0.42.

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

SPEC's Debt-to-Equity is not ranked *
in the Industrial Products industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Spectaire Holdings  (OTCPK:SPEC) 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.

Spectaire Holdings Debt-to-Equity Related Terms

Spectaire Holdings Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Spectaire 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.

Spectaire Holdings Debt-to-Equity Chart

Spectaire Holdings Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
0.00 -0.55 -0.27

Spectaire Holdings Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only N/A 1.26 -0.27 -0.31 -0.42

SPEC vs VLTO, FSS, ZWS: Debt-to-Equity Comparison

For the Pollution & Treatment Controls subindustry, Spectaire 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.

Spectaire Holdings Debt-to-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spectaire Holdings's Debt-to-Equity distribution charts can be found below:

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


Spectaire Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spectaire 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
=(7.117 + 0.137) / -27.192
=-0.27

Spectaire Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
=(9.137 + 0.095) / -21.869
=-0.42

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.42 mean?
Spectaire Holdings (SPEC) has a Debt-to-Equity of -0.42 as of Jun. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Spectaire Holdings and its competitors.
Is Spectaire Holdings' Debt-to-Equity too high?
Spectaire Holdings' current Debt-to-Equity is -0.42.
How does Spectaire Holdings' Debt-to-Equity compare to VLTO and FSS?
Spectaire Holdings' Debt-to-Equity of -0.42 can be compared against companies in the Industrial Products industry. The industry median Debt-to-Equity is 0.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,675 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Spectaire Holdings and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spectaire Holdings's current Debt-to-Equity is -0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spectaire Holdings stock overvalued right now?
Spectaire Holdings (SPEC) has a current Debt-to-Equity of -0.42. The current Debt-to-Equity is -0.42. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Spectaire Holdings (SPEC), the current Debt-to-Equity is -0.42 as of Jun. 2024. 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.

Spectaire Holdings Business Description

Address 19 Coolidge Hill Road, Watertown, MA, USA, 02472
Spectaire Holdings Inc is an industrial technology company that allows its customers to measure, manage, and reduce carbon dioxide equivalent and other greenhouse gas emissions. Spectaire's core product offering, AireCore is a fully integrated hardware, software, and data platform.