Spire Global (STU:EL9) Debt-to-Equity : 1.54 (As of Mar. 2024)

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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 Mar. 2024 was €3.15 Mil. Spire Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €117.30 Mil. Spire Global's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €78.49 Mil. Spire Global's debt to equity for the quarter that ended in Mar. 2024 was 1.53.

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:

STU:EL9' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.55 Med: 0.95 Max: 1.85
Current: 1.54

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 0.95.

STU:EL9's Debt-to-Equity is ranked worse than
82.35% of 929 companies
in the Business Services industry
Industry Median: 0.37 vs STU:EL9: 1.54

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	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										1.42	1.45	1.72	1.85	1.54

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.215	+	116.635)	/	64.683
	=	1.85

Spire Global's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(3.151	+	117.304)	/	78.485
	=	1.53

Spire Global (STU:EL9) 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

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Spire Global (STU:EL9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Spire Global Inc (STU:EL9) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SPIR:USA

Address

8000 Towers Crescent Drive, Suite 1100, Vienna, VA, USA, 22182

Website

https://www.spire.com

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.

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