Spirax Group plc

LSE:SPX Stock Report

Market Cap: UK£4.4b

Spirax Group Balance Sheet Health

Financial Health criteria checks 4/6

Spirax Group has a total shareholder equity of £1.2B and total debt of £930.4M, which brings its debt-to-equity ratio to 76.9%. Its total assets and total liabilities are £2.6B and £1.4B respectively. Spirax Group's EBIT is £297.9M making its interest coverage ratio 7.1. It has cash and short-term investments of £334.2M.

Key information

76.9%

Debt to equity ratio

UK£930.40m

Debt

Interest coverage ratio7.1x
CashUK£334.20m
EquityUK£1.21b
Total liabilitiesUK£1.44b
Total assetsUK£2.65b

Recent financial health updates

We Think Spirax Group (LON:SPX) Can Stay On Top Of Its Debt

Mar 12
We Think Spirax Group (LON:SPX) Can Stay On Top Of Its Debt

We Think Spirax Group (LON:SPX) Is Taking Some Risk With Its Debt

Nov 15
We Think Spirax Group (LON:SPX) Is Taking Some Risk With Its Debt

Recent updates

Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year

Apr 10
Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year
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Targeted Sales Initiatives And New Products Will Expand Reach In Decarbonization And Digital Solutions

Mar 16 Organizational restructuring and manufacturing site closures aim to fund investments, boost operational efficiency, and improve net margins in the medium term.

Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year

Mar 14
Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year

We Think Spirax Group (LON:SPX) Can Stay On Top Of Its Debt

Mar 12
We Think Spirax Group (LON:SPX) Can Stay On Top Of Its Debt

Estimating The Fair Value Of Spirax Group plc (LON:SPX)

Jan 09
Estimating The Fair Value Of Spirax Group plc (LON:SPX)

Earnings Not Telling The Story For Spirax Group plc (LON:SPX)

Dec 19
Earnings Not Telling The Story For Spirax Group plc (LON:SPX)

We Think Spirax Group (LON:SPX) Is Taking Some Risk With Its Debt

Nov 15
We Think Spirax Group (LON:SPX) Is Taking Some Risk With Its Debt

Spirax Group's (LON:SPX) Dividend Will Be £0.475

Oct 07
Spirax Group's (LON:SPX) Dividend Will Be £0.475

Calculating The Fair Value Of Spirax Group plc (LON:SPX)

Sep 24
Calculating The Fair Value Of Spirax Group plc (LON:SPX)

Unpleasant Surprises Could Be In Store For Spirax Group plc's (LON:SPX) Shares

Sep 06
Unpleasant Surprises Could Be In Store For Spirax Group plc's (LON:SPX) Shares

Spirax Group (LON:SPX) Will Pay A Dividend Of £0.475

Aug 19
Spirax Group (LON:SPX) Will Pay A Dividend Of £0.475

Returns On Capital At Spirax Group (LON:SPX) Paint A Concerning Picture

Jul 05
Returns On Capital At Spirax Group (LON:SPX) Paint A Concerning Picture

Estimating The Fair Value Of Spirax Group plc (LON:SPX)

Jun 14
Estimating The Fair Value Of Spirax Group plc (LON:SPX)

Spirax-Sarco Engineering plc's (LON:SPX) Shareholders Might Be Looking For Exit

May 09
Spirax-Sarco Engineering plc's (LON:SPX) Shareholders Might Be Looking For Exit

Financial Position Analysis

Short Term Liabilities: SPX's short term assets (£986.9M) exceed its short term liabilities (£533.1M).

Long Term Liabilities: SPX's short term assets (£986.9M) exceed its long term liabilities (£902.7M).

Debt to Equity History and Analysis

Debt Level: SPX's net debt to equity ratio (49.3%) is considered high.

Reducing Debt: SPX's debt to equity ratio has increased from 75.7% to 76.9% over the past 5 years.

Debt Coverage: SPX's debt is well covered by operating cash flow (33.6%).

Interest Coverage: SPX's interest payments on its debt are well covered by EBIT (7.1x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/16 06:34
End of Day Share Price 2025/04/16 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 Github.

Analyst Sources

Spirax Group plc is covered by 34 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael BloggArbuthnot Securities Limited
David LarkamArden Partners Plc.
Jonathan HurnBarclays