Spruce Power Holding Debt-to-Equity Ratio Growth & History (SPRU)
Spruce Power Holding's debt-to-equity ratio was 5.74 for fiscal 2025.
View full Spruce Power Holding company overviewSpruce Power Holding annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 5.74 | 0.79 | +15.98% |
| 2024 | 2024-12-31 | 4.95 | 2.03 | +69.76% |
| 2023 | 2023-12-31 | 2.91 | 1.17 | +67.39% |
| 2022 | 2022-12-31 | 1.74 | 1.74 | +261302.93% |
| 2021 | 2021-12-31 | 0.00 | −0.00 | −39.51% |
| 2020 | 2020-12-31 | 0.00 | — | — |
Spruce Power Holding quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.54 | −0.06 | −1.14% |
| Q1 2026 | 2026-03-31 | 5.76 | 0.36 | +6.71% |
| Q4 2025 | 2025-12-31 | 5.74 | 0.79 | +15.98% |
| Q3 2025 | 2025-09-30 | 5.53 | 1.50 | +37.19% |
| Q2 2025 | 2025-06-30 | 5.61 | 2.58 | +85.20% |
| Q1 2025 | 2025-03-31 | 5.40 | 2.48 | +85.28% |
| Q4 2024 | 2024-12-31 | 4.95 | 2.03 | +69.76% |
| Q3 2024 | 2024-09-30 | 4.03 | 1.43 | +55.14% |
| Q2 2024 | 2024-06-30 | 3.03 | 0.80 | +35.85% |
| Q1 2024 | 2024-03-31 | 2.91 | 0.66 | +29.06% |
| Q4 2023 | 2023-12-31 | 2.91 | 1.17 | +67.39% |
| Q3 2023 | 2023-09-30 | 2.60 | 1.01 | +63.47% |
| Q2 2023 | 2023-06-30 | 2.23 | 2.21 | +14632.80% |
| Q1 2023 | 2023-03-31 | 2.26 | 2.24 | +18212.78% |
| Q4 2022 | 2022-12-31 | 1.74 | 1.74 | +261302.93% |
| Q3 2022 | 2022-09-30 | 1.59 | 1.58 | +13140.85% |
| Q2 2022 | 2022-06-30 | 0.02 | 0.00 | +15.11% |
| Q1 2022 | 2022-03-31 | 0.01 | 0.00 | +9.81% |
| Q4 2021 | 2021-12-31 | 0.00 | −0.00 | −39.51% |
| Q3 2021 | 2021-09-30 | 0.01 | — | — |
| Q2 2021 | 2021-06-30 | 0.01 | — | — |
| Q1 2021 | 2021-03-31 | 0.01 | — | — |
| Q4 2020 | 2020-12-31 | 0.00 | — | — |
Spruce Power Holding debt-to-equity ratio trends
Over the last five fiscal years, Spruce Power Holding's debt-to-equity ratio increased from 0.00 to 5.74, a change of 5.74. The latest reported quarter, Q2 2026, shows 5.54.
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Spruce Power Holding source filings ↗