SPXSY (Spirax Group) Debt-to-Equity : 0.85 (As of Dec. 2024)

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What is Spirax Group Debt-to-Equity?

Spirax Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $305 Mil. Spirax Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $991 Mil. Spirax Group's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $1,528 Mil. Spirax Group's debt to equity for the quarter that ended in Dec. 2024 was 0.85.

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

SPXSY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.77 Max: 0.97
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Spirax Group was 0.97. The lowest was 0.18. And the median was 0.77.

SPXSY's Debt-to-Equity is ranked worse than
83.35% of 2612 companies
in the Industrial Products industry
Industry Median: 0.28 vs SPXSY: 0.85

Spirax Group Debt-to-Equity Historical Data

The historical data trend for Spirax Group'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.

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Spirax Group Debt-to-Equity Chart

Spirax Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.60

0.46

0.93

0.97

0.85

Spirax Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.93	1.04	0.97	0.99	0.85

Competitive Comparison of Spirax Group's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Spirax Group'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.

Spirax Group's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

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Spirax Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spirax Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(305.183	+	991.277)	/	1528.192
	=	0.85

Spirax Group's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(305.183	+	991.277)	/	1528.192
	=	0.85

Spirax Group (OTCPK:SPXSY) 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.

Spirax Group Debt-to-Equity Related Terms

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Spirax Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spirax Group PLC (OTCPK:SPXSY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SPXSF:USA SPXl:UK SPX:UK 1LNB:Germany

Address

Cirencester Road, Charlton House, Charlton Kings, Cheltenham, Gloucestershire, GBR, GL53 8ER

Website

https://www.spiraxgroup.com

Spirax is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.