SPRU (Spruce Power Holding) Debt-to-Equity : 4.09 (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Spruce Power Holding Debt-to-Equity?

Spruce Power Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $29.31 Mil. Spruce Power Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $582.07 Mil. Spruce Power Holding's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $149.54 Mil. Spruce Power Holding's debt to equity for the quarter that ended in Sep. 2024 was 4.09.

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 Spruce Power Holding's Debt-to-Equity or its related term are showing as below:

SPRU' s Debt-to-Equity Range Over the Past 10 Years
Min: -1 Med: 1.73 Max: 4.09
Current: 4.09

During the past 5 years, the highest Debt-to-Equity Ratio of Spruce Power Holding was 4.09. The lowest was -1.00. And the median was 1.73.

SPRU's Debt-to-Equity is ranked worse than
98.86% of 880 companies
in the Semiconductors industry
Industry Median: 0.27 vs SPRU: 4.09

Spruce Power Holding Debt-to-Equity Historical Data

The historical data trend for Spruce Power Holding'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.

Spruce Power Holding Debt-to-Equity Chart

Spruce Power Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-1.00

1.80

2.95

Spruce Power Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															2.63	2.95	2.94	3.06	4.09

Competitive Comparison of Spruce Power Holding's Debt-to-Equity

For the Solar subindustry, Spruce Power Holding'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.

Spruce Power Holding's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Spruce Power Holding's Debt-to-Equity distribution charts can be found below:

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

Spruce Power Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spruce Power Holding'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
	=	(29.08	+	596.597)	/	212.344
	=	2.95

Spruce Power Holding's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(29.307	+	582.066)	/	149.542
	=	4.09

Spruce Power Holding (NYSE:SPRU) 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.

Spruce Power Holding Debt-to-Equity Related Terms

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

Spruce Power Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Spruce Power Holding Corp (NYSE:SPRU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2000 S Colorado Boulevard, Suite 2-825, Denver, CO, USA, 80222

Website

https://www.sprucepower.com

Spruce Power Holding Corp is a leading owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to approximately 75,000 home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company's primary customers are homeowners and the Company's core solar service offerings generate revenues primarily through (i) the sale of electricity generated by its home solar energy systems to homeowners, (ii) third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and (iii) the servicing of those agreements for other institutional owners of home solar energy systems.

Executives

John P. Miller	director	26W073 MOHICAN DRIVE, WHEATON IL 60189
Eric M. Tech	director, officer: CEO	2701 NAVISTAR DRIVE, LISLE IL 60532
Christopher M. Hayes	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Jonathan J Ledecky	director	C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Kevin Griffin	director	C/O PIVOTAL ACQUISITION CORP., C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Christian S. Fong	director, officer: President and CEO	7550 WISCONSIN AVENUE, 9TH FLOOR, BETHESDA MD 20814
Jonathan M Norling	officer: Chief Legal Officer	820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024
Sarah Weber Wells	officer: SVP of Fin & Acc & Sustain'	820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024
Stacey Constas	officer: General Counsel	47000 LIBERTY DRIVE, WIXOM MI 48393
Michael Kenhard	officer: CTO and VP of Engineering	47000 LIBERTY DRIVE, WIXOM MI 48393
Calhoun Colleen	officer: VP / GM of XL Grid	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Donald P Klein	officer: Chief Financial Officer	201 MITTEL DRIVE, WOOD DALE IL 60191
Cielo Hernandez	officer: Chief Financial Officer	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Berklas James P Jr	officer: General Counsel	123 MAIN STREET, BRISTOL CT 06010
Sarah Sclarsic	director	C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174