SPX Technologies Balance Sheet Health
Financial Health criteria checks 4/6
SPX Technologies has a total shareholder equity of $1.2B and total debt of $853.6M, which brings its debt-to-equity ratio to 69%. Its total assets and total liabilities are $2.8B and $1.6B respectively. SPX Technologies's EBIT is $248.9M making its interest coverage ratio 7.5. It has cash and short-term investments of $106.3M.
Key information
69.0%
Debt to equity ratio
US$853.60m
Debt
Interest coverage ratio | 7.5x |
Cash | US$106.30m |
Equity | US$1.24b |
Total liabilities | US$1.56b |
Total assets | US$2.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPW0's short term assets ($779.6M) exceed its short term liabilities ($694.8M).
Long Term Liabilities: SPW0's short term assets ($779.6M) do not cover its long term liabilities ($867.3M).
Debt to Equity History and Analysis
Debt Level: SPW0's net debt to equity ratio (60.4%) is considered high.
Reducing Debt: SPW0's debt to equity ratio has reduced from 100.8% to 69% over the past 5 years.
Debt Coverage: SPW0's debt is well covered by operating cash flow (26.2%).
Interest Coverage: SPW0's interest payments on its debt are well covered by EBIT (7.5x coverage).