Spruce Power Holding (FRA:XLF0) Debt-to-Equity : 2.95 (As of Dec. 2023)

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What is Spruce Power Holding Debt-to-Equity?

Spruce Power Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €26.67 Mil. Spruce Power Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €547.08 Mil. Spruce Power Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €194.72 Mil. Spruce Power Holding's debt to equity for the quarter that ended in Dec. 2023 was 2.95.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Spruce Power Holding's Debt-to-Equity or its related term are showing as below:

FRA:XLF0' s Debt-to-Equity Range Over the Past 10 Years
Min: -1 Med: 0.9 Max: 2.95
Current: 2.95

During the past 5 years, the highest Debt-to-Equity Ratio of Spruce Power Holding was 2.95. The lowest was -1.00. And the median was 0.90.

FRA:XLF0's Debt-to-Equity is ranked worse than
97.61% of 877 companies
in the Semiconductors industry
Industry Median: 0.27 vs FRA:XLF0: 2.95

Spruce Power Holding Debt-to-Equity Historical Data

The historical data trend for Spruce Power Holding's Debt-to-Equity 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.

* Premium members only.

Spruce Power Holding Debt-to-Equity Chart

Spruce Power Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-1.00

1.80

2.95

Spruce Power Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												1.80	2.39	2.35	2.63	2.95

Competitive Comparison of Spruce Power Holding's Debt-to-Equity

For the Solar subindustry, Spruce Power Holding's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Spruce Power Holding's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Spruce Power Holding's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Spruce Power Holding's Debt-to-Equity falls into.

Spruce Power Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spruce Power Holding's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(26.666	+	547.079)	/	194.719
	=	2.95

Spruce Power Holding's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(26.666	+	547.079)	/	194.719
	=	2.95

Spruce Power Holding (FRA:XLF0) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Spruce Power Holding Debt-to-Equity Related Terms

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Spruce Power Holding (FRA:XLF0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Spruce Power Holding Corp (FRA:XLF0) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SPRU:USA

Address

1875 Lawrence Street, Suite 320, Denver, CO, USA, 80202

Website

https://www.sprucepower.com

Spruce Power Holding Corp is a renewable-focused Power-as-a-Service company offering solar battery installation and maintenance services, It provides subscription-based services for homeowners and small businesses to own and maintain rooftop solar and battery storage. Its solutions offerings comprise Battery Bundles and System Expansion Options.

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