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Spire Global (Spire Global) Debt-to-Equity : 1.85 (As of Dec. 2023)


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What is Spire Global Debt-to-Equity?

Spire Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.5 Mil. Spire Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $127.2 Mil. Spire Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $70.5 Mil. Spire Global's debt to equity for the quarter that ended in Dec. 2023 was 1.85.

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 Spire Global's Debt-to-Equity or its related term are showing as below:

SPIR' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.55   Med: 0.64   Max: 1.85
Current: 1.85

During the past 4 years, the highest Debt-to-Equity Ratio of Spire Global was 1.85. The lowest was -1.55. And the median was 0.64.

SPIR's Debt-to-Equity is ranked worse than
85.76% of 927 companies
in the Business Services industry
Industry Median: 0.38 vs SPIR: 1.85

Spire Global Debt-to-Equity Historical Data

The historical data trend for Spire Global'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.

Spire Global Debt-to-Equity Chart

Spire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
-1.55 0.27 1.01 1.85

Spire Global Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.01 1.42 1.45 1.72 1.85

Competitive Comparison of Spire Global's Debt-to-Equity

For the Specialty Business Services subindustry, Spire Global'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.


Spire Global's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Spire Global's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Spire Global's Debt-to-Equity falls into.



Spire Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spire Global's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Spire Global's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Spire Global  (NYSE:SPIR) 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.


Spire Global Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Spire Global's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Spire Global (Spire Global) Business Description

Traded in Other Exchanges
Address
8000 Towers Crescent Drive, Suite 1100, Vienna, VA, USA, 22182
Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. The Company generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.
Executives
Boyd C. Johnson officer: CLO and Corporate Secretary 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
Theresa Condor director, officer: EVP, GM Spire Space Services 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Peter Platzer director, officer: Chief Executive Officer 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Leonardo Basola officer: Chief Financial Officer 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
Thomas Krywe officer: Chief Financial Officer 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Joan Lordi Amble director AMERICAN EXPRESS COMPANY, 200 VESEY STREET, NEW YORK NY 10285
Jack Pearlstein director 2525 NETWORK PLACE, HERNDON VA 20171
Dirk Hoke director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Elizabeth Ananda Martin officer: General Counsel 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
John F Lusk officer: VP & GM, Global Data Services 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Keith E Johnson officer: VP & General Manager, Federal 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
William Porteous director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Stephen Messer director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
William P Crowell other: See Remarks 41343 RASPBERRY DR, LEESBURG VA 20176
Six4 Holdings, Llc other: See Remarks 12020 SUNRISE VALLEY DRIVE, SUITE 100, RESTON VA 20191