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| Date | Value |
|---|---|
| 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 |