|Bid||60.65 x 800|
|Ask||60.90 x 1100|
|Day's Range||60.50 - 62.44|
|52 Week Range||50.58 - 87.96|
|Beta (5Y Monthly)||0.20|
|PE Ratio (TTM)||42.30|
|Earnings Date||Feb 04, 2021|
|Forward Dividend & Yield||2.60 (4.25%)|
|Ex-Dividend Date||Dec 10, 2020|
|1y Target Est||68.20|
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Spire Inc. (NYSE: SR) will host a conference call and webcast on Thursday, Feb. 4 to discuss our fiscal 2021 first quarter financial results. We will issue our earnings news release before the market opens that day, and it will be available on our website at Investors.SpireEnergy.com under the Resources tab.
Shares of Spire (NYSE:SR) increased by 10.51% in the past three months. Before we understand the importance of debt, let us look at how much debt Spire has.Spire's Debt According to the Spire's most recent balance sheet as reported on November 18, 2020, total debt is at $3.13 billion, with $2.42 billion in long-term debt and $708.40 million in current debt. Adjusting for $4.10 million in cash-equivalents, the company has a net debt of $3.13 billion.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.Shareholders look at the debt-ratio to understand how much financial leverage a company has. Spire has $8.24 billion in total assets, therefore making the debt-ratio 0.38. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 35% might be higher for one industry and normal for another.Importance Of Debt Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.However, due to interest-payment obligations, cash-flow of a company can be impacted. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from Benzinga * Click here for options trades from Benzinga * Mesa Air Group's Debt Overview * What Does BrightView's Debt Look Like?(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.