How much debt does Spire have?
According to Spire's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Spire's total debt stands at $4.69B. This is broken down into:
- Long-term debt: $3.70B
- Short-term debt: $989.00M
The company's net debt, which accounts for cash and cash equivalents, is $4.69B. In terms of overall financial obligations, Spire's total liabilities amount to $7.63B.
Debt Ratios and Metrics
To better understand Spire's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.45 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 43.21% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 2.43 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 53.40% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 59.21% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Spire's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$4.69B
Long-term Debt
$3.70B
Short-term Debt
$989.00M
Net Debt
$4.69B
Total Liabilities
$7.63B
Interest Coverage
2.43
Debt to Equity Ratio
1.45
Debt Ratio
43.21%
Spire Historical Debt Metrics
Spire Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $4.69B | $3.70B | $989.00M | $4.69B | $7.63B | 1.45 | 43.21% | 2.43 | 53.40% | 59.21% |
| 2023 | $4.67B | $3.62B | $1.11B | $4.66B | $7.40B | 1.60 | 45.24% | 2.25 | 54.92% | 61.53% |
| 2022 | $4.28B | $3.03B | $1.32B | $4.27B | $7.25B | 1.52 | 42.42% | 3.41 | 51.21% | 60.28% |
| 2021 | $3.67B | $2.99B | $727.80M | $3.66B | $6.70B | 1.38 | 39.19% | 4.22 | 52.51% | 57.97% |
| 2020 | $3.13B | $2.48B | $708.40M | $3.13B | $5.72B | 1.24 | 38.01% | 3.37 | 49.00% | 55.39% |
| 2019 | $2.87B | $2.08B | $783.20M | $2.86B | $5.08B | 1.13 | 37.61% | 2.90 | 45.02% | 52.98% |
| 2018 | $2.63B | $1.90B | $729.10M | $2.62B | $2.33B | 1.17 | 38.42% | 2.84 | 45.72% | 53.83% |
| 2017 | $2.57B | $2.00B | $577.30M | $2.56B | $4.56B | 1.29 | 39.29% | 3.61 | 50.05% | 56.37% |
| 2016 | $2.48B | $1.83B | $648.70M | $2.48B | $4.31B | 1.40 | 40.85% | 3.66 | 50.91% | 58.40% |
| 2015 | $2.19B | $1.77B | $418.00M | $2.18B | $3.72B | 1.39 | 41.39% | 3.65 | 52.96% | 58.18% |
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