Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Spruce Power Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $212.34 Mil. Spruce Power Holding's Total Assets for the quarter that ended in Dec. 2023 was $895.02 Mil.
Therefore, Spruce Power Holding's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.24.
The historical rank and industry rank for Spruce Power Holding's Equity-to-Asset or its related term are showing as below:
SPRU'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.48 Med: 0.34 Max: 0.92
Current: 0.24
During the past 5 years, the highest Equity to Asset Ratio of Spruce Power Holding was 0.92. The lowest was -1.48. And the median was 0.34.
SPRU's Equity-to-Asset is ranked worse than 91.12% of 1002
companies
in the Semiconductors industry
Industry Median: 0.63
vs SPRU: 0.24
Spruce Power Holding Equity-to-Asset Historical Data
The historical data trend for Spruce Power Holding'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 Solar subindustry, Spruce Power Holding'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.
Spruce Power Holding Equity-to-Asset Distribution
For the Semiconductors industry and Technology sector, Spruce Power Holding's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Spruce Power Holding's Equity-to-Asset falls into.
Spruce Power Holding Equity-to-Asset Calculation
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.
Spruce Power Holding's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
Spruce Power Holding (NYSE:SPRU) Equity-to-Asset Explanation
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%.
Spruce Power Holding Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Spruce Power Holding's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Spruce Power Holding (Spruce Power Holding) Business Description
Spruce Power Holding Corp is a renewable-focused Power-as-a-Service company offering solar battery installation and maintenance services, It provides subscription-based services for homeowners and small businesses to own and maintain rooftop solar and battery storage. Its solutions offerings comprise Battery Bundles and System Expansion Options.
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