Spruce Power Holding (SPRU) Debt to Equity (2019 - 2025)

Spruce Power Holding's (SPRU) quarterly Debt to Equity came in at $5.58 in Q4 2025, up 20.49% year-on-year from $4.63 in Q4 2024, and up 52.23% quarter-over-quarter from $3.67 in Q3 2025.

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

Spruce Power Holding has disclosed Debt to Equity across 7 years of filings, most recently posting $5.58 for Q4 2025.

  • Debt to Equity for Q4 2025 came in at $5.58, up 20.49% year-over-year; the trailing twelve-month figure through Dec 2025 was $5.58 (up 20.49% YoY), and the FY2025 annual result was $5.58, up 20.49% from the prior year.
  • Debt to Equity came in at $5.58 for Q4 2025 at Spruce Power Holding, up from $3.67 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $5.58 in Q4 2025 to a low of $0.0 in Q2 2022.
  • The 5-year median for Debt to Equity is $2.57 (2023), against an average of $2.43.
  • Across the five-year window, Debt to Equity plunged 94.32% in 2022 and surged 2341827.17% in 2023, its largest moves.
  • Spruce Power Holding's Debt to Equity stood at $0.0 in 2021, then surged by 520354.93% to $1.73 in 2022, then surged by 66.63% to $2.88 in 2023, then soared by 60.71% to $4.63 in 2024, then rose by 20.49% to $5.58 in 2025.
  • The last three Debt to Equity figures came in at $5.58 (Q4 2025), $3.67 (Q3 2025), and $3.76 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 0.04
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 0.52
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 0.13
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 0.30
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn -3.11
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -
10 Spruce Power Holding 52.76 Mn -37.96 Mn 16.96 Mn 5.58

Historic Data

Download Data
DateValue
Dec 31, 2025 5.58
Sep 30, 2025 3.67
Jun 30, 2025 3.76
Mar 31, 2025 5.35
Dec 31, 2024 4.63
Sep 30, 2024 3.99
Jun 30, 2024 3.00
Mar 31, 2024 2.88
Dec 31, 2023 2.88
Sep 30, 2023 2.57
Jun 30, 2023 2.31
Mar 31, 2023 2.34
Dec 31, 2022 1.73
Sep 30, 2022 1.56
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