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