Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $2,298 | $2,629 | $1,931 | $2,440 | $2,715 |
| Liabilities | $1,669 | $1,526 | $852 | $1,245 | $1,330 |
| Equity | $629 | $1,103 | $1,079 | $1,195 | $1,384 |
Balance sheet data in USD (millions)
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Edwyn
Over the past five years, SPX Technologies, Inc. has exhibited significant growth in its financial position. The company's total assets have been steadily increasing, from $2.3 billion in 2020 to $2.7 billion in 2024, indicating a strong upward trend in its asset base. This growth suggests that SPX Technologies has been investing in expanding its operations and acquiring additional resources to support its business activities. In terms of liabilities, the company has also seen fluctuations, with a notable decrease in 2022 followed by an increase in the subsequent years. This suggests that SPX Technologies has been managing its debt levels effectively while still being able to fund its growth initiatives. Stockholders' equity has shown consistent growth, reaching $1.4 billion in 2024, indicating that the company's profitability and retained earnings have been on the rise. Overall, SPX Technologies, Inc. appears to be in a strong financial position, with a healthy balance sheet and positive equity growth. The company's ability to increase its assets while managing its liabilities demonstrates sound financial management. These trends align with a company that is likely experiencing growth and expansion within its industry, positioning it well for continued success in the future.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.