Spire annual debt-to-equity ratio
2009
2010
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2015
2016
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2021
2022
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2024
2025
Spire Debt-to-Equity Ratio Growth & History (SR)
Spire's debt-to-equity ratio was 1.55 for fiscal 2025.
View full Spire company overviewSpire annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | 1.55 | 0.07 | +4.92% |
| 2024 | 2024-09-30 | 1.47 | −0.15 | −9.38% |
| 2023 | 2023-09-30 | 1.63 | 0.08 | +5.17% |
| 2022 | 2022-09-30 | 1.55 | 0.14 | +10.26% |
| 2021 | 2021-09-30 | 1.40 | 0.39 | +38.74% |
| 2020 | 2020-09-30 | 1.01 | 0.18 | +21.07% |
| 2019 | 2019-09-30 | 0.83 | −0.33 | −28.40% |
| 2018 | 2018-09-30 | 1.17 | −0.08 | −6.11% |
| 2017 | 2017-09-30 | 1.24 | −0.01 | −1.09% |
| 2016 | 2016-09-30 | 1.26 | −0.14 | −9.79% |
| 2015 | 2015-09-30 | 1.39 | −0.03 | −1.84% |
| 2014 | 2014-09-30 | 1.42 | 0.47 | +50.31% |
| 2013 | 2013-09-30 | 0.94 | 0.27 | +40.25% |
| 2012 | 2012-09-30 | 0.67 | −0.04 | −6.06% |
| 2011 | 2011-09-30 | 0.72 | −0.21 | −22.39% |
| 2010 | 2010-09-30 | 0.92 | −0.08 | −8.13% |
| 2009 | 2009-09-30 | 1.00 | — | — |
Spire quarterly debt-to-equity ratio
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Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
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Q2.12
Q3.12
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Q3.13
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Q2.17
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | 2.03 | 0.73 | +56.42% |
| Q2 2026 | 2026-03-31 | 2.26 | 1.01 | +81.56% |
| Q1 2026 | 2025-12-31 | 1.42 | −0.05 | −3.49% |
| Q4 2025 | 2025-09-30 | 1.55 | 0.07 | +4.92% |
| Q3 2025 | 2025-06-30 | 1.30 | 0.04 | +2.96% |
| Q2 2025 | 2025-03-31 | 1.24 | 0.00 | +0.21% |
| Q1 2025 | 2024-12-31 | 1.47 | 0.06 | +4.23% |
| Q4 2024 | 2024-09-30 | 1.47 | −0.15 | −9.38% |
| Q3 2024 | 2024-06-30 | 1.26 | −0.14 | −10.26% |
| Q2 2024 | 2024-03-31 | 1.24 | −0.19 | −13.07% |
| Q1 2024 | 2023-12-31 | 1.41 | −0.12 | −8.00% |
| Q4 2023 | 2023-09-30 | 1.63 | 0.08 | +5.17% |
| Q3 2023 | 2023-06-30 | 1.40 | 0.03 | +1.85% |
| Q2 2023 | 2023-03-31 | 1.43 | 0.09 | +6.34% |
| Q1 2023 | 2022-12-31 | 1.53 | 0.01 | +0.82% |
| Q4 2022 | 2022-09-30 | 1.55 | 0.14 | +10.26% |
| Q3 2022 | 2022-06-30 | 1.38 | 0.12 | +9.19% |
| Q2 2022 | 2022-03-31 | 1.34 | 0.36 | +36.19% |
| Q1 2022 | 2021-12-31 | 1.52 | 0.54 | +55.97% |
| Q4 2021 | 2021-09-30 | 1.40 | 0.39 | +38.74% |
| Q3 2021 | 2021-06-30 | 1.26 | 0.27 | +26.76% |
| Q2 2021 | 2021-03-31 | 0.99 | 0.03 | +2.96% |
| Q1 2021 | 2020-12-31 | 0.97 | −0.01 | −1.44% |
| Q4 2020 | 2020-09-30 | 1.01 | 0.18 | +21.07% |
| Q3 2020 | 2020-06-30 | 0.99 | 0.21 | +27.22% |
| Q2 2020 | 2020-03-31 | 0.96 | 0.11 | +12.82% |
| Q1 2020 | 2019-12-31 | 0.99 | 0.12 | +13.25% |
| Q4 2019 | 2019-09-30 | 0.83 | −0.33 | −28.40% |
| Q3 2019 | 2019-06-30 | 0.78 | −0.18 | −18.58% |
| Q2 2019 | 2019-03-31 | 0.85 | −0.30 | −25.88% |
| Q1 2019 | 2018-12-31 | 0.87 | −0.39 | −30.64% |
| Q4 2018 | 2018-09-30 | 1.17 | −0.08 | −6.11% |
| Q3 2018 | 2018-06-30 | 0.96 | −0.21 | −18.05% |
| Q2 2018 | 2018-03-31 | 1.14 | −0.18 | −13.51% |
| Q1 2018 | 2017-12-31 | 1.26 | 0.24 | +24.00% |
| Q4 2017 | 2017-09-30 | 1.24 | −0.01 | −1.09% |
| Q3 2017 | 2017-06-30 | 1.17 | 0.15 | +14.77% |
| Q2 2017 | 2017-03-31 | 1.32 | 0.23 | +21.01% |
| Q1 2017 | 2016-12-31 | 1.01 | −0.14 | −11.78% |
| Q4 2016 | 2016-09-30 | 1.26 | −0.14 | −9.79% |
| Q3 2016 | 2016-06-30 | 1.02 | −0.11 | −9.60% |
| Q2 2016 | 2016-03-31 | 1.09 | −0.03 | −2.94% |
| Q1 2016 | 2015-12-31 | 1.15 | −0.06 | −4.80% |
| Q4 2015 | 2015-09-30 | 1.39 | −0.03 | −1.84% |
| Q3 2015 | 2015-06-30 | 1.13 | 0.49 | +77.34% |
| Q2 2015 | 2015-03-31 | 1.13 | 0.37 | +49.75% |
| Q1 2015 | 2014-12-31 | 1.21 | 0.26 | +27.92% |
| Q4 2014 | 2014-09-30 | 1.42 | 0.47 | +50.31% |
| Q3 2014 | 2014-06-30 | 0.64 | 0.21 | +48.20% |
| Q2 2014 | 2014-03-31 | 0.75 | 0.03 | +3.71% |
| Q1 2014 | 2013-12-31 | 0.94 | 0.22 | +30.91% |
| Q4 2013 | 2013-09-30 | 0.94 | 0.27 | +40.25% |
| Q3 2013 | 2013-06-30 | 0.43 | −0.17 | −27.94% |
| Q2 2013 | 2013-03-31 | 0.73 | 0.13 | +22.52% |
| Q1 2013 | 2012-12-31 | 0.72 | −0.09 | −10.96% |
| Q4 2012 | 2012-09-30 | 0.67 | −0.04 | −6.06% |
| Q3 2012 | 2012-06-30 | 0.60 | −0.03 | −5.16% |
| Q2 2012 | 2012-03-31 | 0.59 | −0.05 | −7.47% |
| Q1 2012 | 2011-12-31 | 0.81 | −0.03 | −3.83% |
| Q4 2011 | 2011-09-30 | 0.72 | −0.21 | −22.39% |
| Q3 2011 | 2011-06-30 | 0.63 | −0.18 | −21.98% |
| Q2 2011 | 2011-03-31 | 0.64 | −0.23 | −26.06% |
| Q1 2011 | 2010-12-31 | 0.84 | — | — |
| Q4 2010 | 2010-09-30 | 0.92 | −0.08 | −8.13% |
| Q3 2010 | 2010-06-30 | 0.81 | — | — |
| Q2 2010 | 2010-03-31 | 0.87 | — | — |
| Q4 2009 | 2009-09-30 | 1.00 | — | — |
Spire debt-to-equity ratio trends
Over the last five fiscal years, Spire's debt-to-equity ratio increased from 1.01 to 1.55, a change of 0.54. The latest reported quarter, Q3 2026, shows 2.03.
About the metric
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.
Calculation and source
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.
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