Spire Balance Sheet Health
Financial Health criteria checks 0/6
Spire has a total shareholder equity of $3.2B and total debt of $4.7B, which brings its debt-to-equity ratio to 145.2%. Its total assets and total liabilities are $10.9B and $7.6B respectively. Spire's EBIT is $497.1M making its interest coverage ratio 2.5. It has cash and short-term investments of $4.5M.
Key information
145.2%
Debt to equity ratio
US$4.69b
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$4.50m |
| Equity | US$3.23b |
| Total liabilities | US$7.63b |
| Total assets | US$10.86b |
Recent financial health updates
These 4 Measures Indicate That Spire (NYSE:SR) Is Using Debt In A Risky Way
Oct 22
Does Spire (NYSE:SR) Have A Healthy Balance Sheet?
Jul 12Is Spire (NYSE:SR) A Risky Investment?
Dec 04Is Spire (NYSE:SR) A Risky Investment?
Aug 15Is Spire (NYSE:SR) A Risky Investment?
May 07Is Spire (NYSE:SR) A Risky Investment?
Jan 24Recent updates
These 4 Measures Indicate That Spire (NYSE:SR) Is Using Debt In A Risky Way
Oct 22Spire: The High-Yield Preferreds Are The Best Play For This Utility
Sep 19Risks To Shareholder Returns Are Elevated At These Prices For Spire Inc. (NYSE:SR)
Sep 12Spire (NYSE:SR) Has More To Do To Multiply In Value Going Forward
Aug 25Spire: A Good Utility To Play Defense
Jul 24Does Spire (NYSE:SR) Have A Healthy Balance Sheet?
Jul 12Calculating The Fair Value Of Spire Inc. (NYSE:SR)
Jun 28We Think That There Are More Issues For Spire (NYSE:SR) Than Just Sluggish Earnings
May 08Are Investors Undervaluing Spire Inc. (NYSE:SR) By 26%?
Mar 04Need To Know: Analysts Are Much More Bullish On Spire Inc. (NYSE:SR) Revenues
Feb 02Spire Inc.: Valuation And Yield Are Too Good To Pass On Here
Jan 22Spire (NYSE:SR) Will Pay A Larger Dividend Than Last Year At $0.755
Dec 05Is Spire (NYSE:SR) A Risky Investment?
Dec 04Spire (NYSE:SR) Will Pay A Larger Dividend Than Last Year At $0.755
Nov 18Are Investors Undervaluing Spire Inc. (NYSE:SR) By 27%?
Nov 10Spire Inc.: Lower Utility Valuations Have Created An Attractive Entry Point
Oct 31The Returns At Spire (NYSE:SR) Aren't Growing
Oct 25Spire Inc.: Expensive And With A Lot Of Debt
Sep 30Here's Why Spire (NYSE:SR) Has Caught The Eye Of Investors
Sep 25Is Spire (NYSE:SR) A Risky Investment?
Aug 15An Intrinsic Calculation For Spire Inc. (NYSE:SR) Suggests It's 47% Undervalued
Jul 07Spire Inc: A 4.46%-Yielding Natural Gas Utility
Jun 06Spire (NYSE:SR) Has More To Do To Multiply In Value Going Forward
May 25Is Spire (NYSE:SR) A Risky Investment?
May 07An Intrinsic Calculation For Spire Inc. (NYSE:SR) Suggests It's 25% Undervalued
Mar 27Is Now The Time To Put Spire (NYSE:SR) On Your Watchlist?
Mar 09Investors Met With Slowing Returns on Capital At Spire (NYSE:SR)
Feb 06Spire Q1 2023 Earnings Preview
Jan 31Is Spire (NYSE:SR) A Risky Investment?
Jan 24Is Spire Inc. (NYSE:SR) Expensive For A Reason? A Look At Its Intrinsic Value
Dec 18Financial Position Analysis
Short Term Liabilities: SR's short term assets ($771.3M) do not cover its short term liabilities ($1.7B).
Long Term Liabilities: SR's short term assets ($771.3M) do not cover its long term liabilities ($5.9B).
Debt to Equity History and Analysis
Debt Level: SR's net debt to equity ratio (145%) is considered high.
Reducing Debt: SR's debt to equity ratio has increased from 112.7% to 145.2% over the past 5 years.
Debt Coverage: SR's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: SR's interest payments on its debt are not well covered by EBIT (2.5x coverage).