Spire Global (STU:EL9) LT-Debt-to-Total-Asset : 0.48 (As of Mar. 2024)

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What is Spire Global LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Spire Global's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.48.

Spire Global's long-term debt to total assets ratio declined from Mar. 2023 (0.50) to Mar. 2024 (0.48). It may suggest that Spire Global is progressively becoming less dependent on debt to grow their business.

Spire Global LT-Debt-to-Total-Asset Historical Data

The historical data trend for Spire Global's LT-Debt-to-Total-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.

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Spire Global LT-Debt-to-Total-Asset Chart

Spire Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

1.70

0.18

0.43

0.52

Spire Global Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.50	0.49	0.51	0.52	0.48

Spire Global LT-Debt-to-Total-Asset Calculation

Spire Global's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	116.635	/	226.339
	=	0.52

Spire Global's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	117.304	/	246.534
	=	0.48

Spire Global (STU:EL9) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Spire Global (STU:EL9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Spire Global Inc (STU:EL9) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SPIR:USA

Address

8000 Towers Crescent Drive, Suite 1100, Vienna, VA, USA, 22182

Website

https://www.spire.com

Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. The Company generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.

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