Spruce Power Holding Balance Sheet Health
Financial Health criteria checks 4/6
Spruce Power Holding has a total shareholder equity of $151.6M and total debt of $606.0M, which brings its debt-to-equity ratio to 399.6%. Its total assets and total liabilities are $806.8M and $655.1M respectively.
Key information
399.6%
Debt to equity ratio
US$605.96m
Debt
| Interest coverage ratio | n/a |
| Cash | US$120.38m |
| Equity | US$151.64m |
| Total liabilities | US$655.14m |
| Total assets | US$806.77m |
Recent financial health updates
Recent updates
Lacklustre Performance Is Driving Spruce Power Holding Corporation's (NYSE:SPRU) Low P/S
Jul 22
Spruce Power: Rare Net-Net Trading 50% Below Cash And Generating Cash
Nov 28Spruce Power regains compliance with NYSE's listing standard
Feb 02Spruce Power: Meet The New XL Fleet
Jan 19Spruce Power appoints Christian Fong as CEO
Jan 09XL Fleet GAAP EPS of -$0.15, revenue of $8.4M
Nov 09XL Fleet gets NYSE non-compliance notice
Oct 21XL Fleet: Could Be On The Verge Of Collapse
Sep 07At US$1.28, Is XL Fleet Corp. (NYSE:XL) Worth Looking At Closely?
May 10XL Fleet: Buying $1 Bills For 56 Cents
May 04XL Fleet Corp. Is Having A Challenging 2022 As President Resigns
Mar 24XL Fleet Corp.: The Past Is Prologue, And Then Some
Feb 05XL Fleet's Electrification Faces Its Limits
Oct 10Time To Worry? Analysts Are Downgrading Their XL Fleet Corp. (NYSE:XL) Outlook
Aug 15XL Fleet: Interesting, But Not Yet Convincing
Jun 07Analysts Have Lowered Expectations For XL Fleet Corp. (NYSE:XL) After Its Latest Results
Apr 02Financial Position Analysis
Short Term Liabilities: SPRU's short term assets ($173.0M) exceed its short term liabilities ($62.8M).
Long Term Liabilities: SPRU's short term assets ($173.0M) do not cover its long term liabilities ($592.3M).
Debt to Equity History and Analysis
Debt Level: SPRU's net debt to equity ratio (320.2%) is considered high.
Reducing Debt: SPRU had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SPRU has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SPRU has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 20.4% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 23:56 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Spruce Power Holding Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gregory Lewis | BTIG |
| Jonathan Dorsheimer | Canaccord Genuity |
| Colin Rusch | Oppenheimer & Co. Inc. |