Spruce Power Holding (SPRU) Debt Ratio (2019 - 2025)

Spruce Power Holding (SPRU) posted quarterly Debt Ratio of 1.09 for Q4 2025, up 38.35% year-on-year from 0.79 in Q4 2024, and up 0.73% on a QoQ basis from 1.08 in Q3 2025.

Spruce Power Holding (SPRU) Debt Ratio (2019 - 2025) Analysis & Trends

Spruce Power Holding (SPRU) has reported Debt Ratio for 7 consecutive years, with 1.09 the latest figure, recorded in Q4 2025.

  • Quarterly Debt Ratio rose 38.35% year-over-year to 1.09 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 1.09 (up 38.35% YoY) and the FY2025 annual result came in at 1.09, up 38.35% from the prior year.
  • Debt Ratio advanced to 1.09 in Q4 2025 per SPRU's latest filing, from 1.08 in the prior quarter.
  • Over the last five years, Debt Ratio for SPRU reached as high as 1.09 in Q4 2025 and fell as low as 0.0 in Q2 2022.
  • A 5-year average of 0.58 and a median of 0.67 in 2023 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2022 — Debt Ratio plunged 93.94% — and 2023, when it soared 716881.35%.
  • Year by year, Debt Ratio stood at 0.0 in 2021, then jumped by 201638.7% to 0.6 in 2022, then grew by 14.34% to 0.69 in 2023, then increased by 13.55% to 0.79 in 2024, then soared by 38.35% to 1.09 in 2025.
  • According to Business Quant data, Debt Ratio over the past three periods registered 1.09, 1.08, and 1.08 for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 0.03
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn -
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 0.21
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 0.15
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 0.02
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 0.18
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 0.55
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 0.45
10 Spruce Power Holding 38.83 Mn -54.32 Mn 16.96 Mn 1.09

Historic Data

Download Data
DateValue
Dec 31, 2025 1.09
Sep 30, 2025 1.08
Jun 30, 2025 1.08
Mar 31, 2025 0.86
Dec 31, 2024 0.79
Sep 30, 2024 0.75
Jun 30, 2024 0.71
Mar 31, 2024 0.71
Dec 31, 2023 0.69
Sep 30, 2023 0.67
Jun 30, 2023 0.67
Mar 31, 2023 0.67
Dec 31, 2022 0.60
Sep 30, 2022 0.62
Jun 30, 2022 0.00
Mar 31, 2022 0.00
Sep 30, 2021 0.00
Jun 30, 2021 0.00
Mar 31, 2021 0.00
Dec 31, 2020 0.00