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SpireSR +1.02%55 Equity-to-Asset is 0.25 as of Jun. 2026, which is 17% below its 10-year median of 0.30. GuruFocus rates SR with a GF Score™ of 55/100. The stock has 8 warning signs investors should review. Among 508 Utilities - Regulated companies, Spire ranks worse than 77.56% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Spire's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $3,583 Mil. Spire's Total Assets for the quarter that ended in Jun. 2026 was $14,091 Mil.
Therefore, Spire's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.25.
The historical rank and industry rank for Spire's Equity-to-Asset or its related term are showing as below:
SR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.3 Max: 0.36
Current: 0.25
During the past 13 years, the highest Equity to Asset Ratio of Spire was 0.36. The lowest was 0.23. And the median was 0.30.
SR's Equity-to-Asset is ranked worse than 77.56% of 508
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs SR: 0.25
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Spire Equity-to-Asset Related Terms
Spire Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Spire's Equity-to-Asset 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.
For the Utilities - Regulated Gas subindustry, Spire's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Spire's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Spire's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Spire's Equity to Asset Ratio for the fiscal year that ended in Sep. 2025 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 (SR) has a Equity-to-Asset of 0.25 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Spire and its competitors. This is 17% below median its historical median of 0.30. Over the past decade, Spire's Equity-to-Asset has ranged from 0.23 to 0.36. According to the industry distribution chart, Spire ranks #394 out of 508 companies in the Utilities - Regulated industry, placing it in the top 77.6%.
Is Spire's Equity-to-Asset too high?
Spire's current Equity-to-Asset of 0.25 is 17% below median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.36. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Spire's value of 0.25 is 30.6% below this industry median. Based on the distribution chart, Spire ranks #394 out of 508 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Spire has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Spire's Equity-to-Asset compare to OGS and MDU?
According to the Utilities - Regulated industry distribution chart, Spire ranks #394 out of 508 companies for Equity-to-Asset. This places Spire in the lower half of its industry. The industry median Equity-to-Asset is 0.36. Spire's value of 0.25 is 30.6% below this benchmark. Historically, Spire's own Equity-to-Asset has ranged from 0.23 to 0.36 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.36, Spire has consistently been below 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 Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 508 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spire's current Equity-to-Asset of 0.25 is 30.6% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Spire and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spire's current Equity-to-Asset is 0.25, which is 17% below median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spire stock overvalued right now?
Spire (SR) has a current Equity-to-Asset of 0.25. The current Equity-to-Asset is 0.25, which is 17% below median its 10-year median of 0.30 and 30.6% below the Utilities - Regulated industry median of 0.36. Spire's overall GF Score™ is 55/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Spire (SR), the current Equity-to-Asset is 0.25 as of Jun. 2026. 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.
Spire Inc. is the holding company for Spire Missouri, Spire Alabama, other gas utilities, and gas-related businesses, focused on growing organically, investing in infrastructure, and advancing through innovation. Its three segments are Gas Utility, Gas Marketing, and Midstream. The Gas Utility segment is the core business and includes Spire Missouri, Spire Alabama, and Spire EnergySouth. The Gas Marketing segment includes Spire Marketing, which provides non-regulated natural gas services across the U.S. The Midstream segment includes Spire Storage, Spire STL Pipeline, and Spire MoGas Pipeline. The majority of revenue comes from Gas Utility.
55GF Score
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