Spruce Power Holding Corp Asset Resilience Ratio
Spruce Power Holding Corp asset resilience ratio. Spruce Power Holding Corp (SPRU) has an Asset Resilience Ratio of 1.20% as of June 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. See operational self-sufficiency of Spruce Power Holding Corp to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Spruce Power Holding Corp (2022–2023)
Asset resilience ratio of Spruce Power Holding Corp from 2022 to 2023. This chart shows how Spruce Power Holding Corp's Asset Resilience Ratio has changed over time. Read Spruce Power Holding Corp (SPRU) financial obligations for a breakdown of total debt and financial obligations.
Liquid Assets Composition Over Time
This chart breaks down Spruce Power Holding Corp's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For the complete balance sheet picture, see Spruce Power Holding Corp total assets.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $10.27 Million | 1.2% |
| Total Liquid Assets | $10.27 Million | 1.20% |
Asset Resilience Insights
- Limited Liquidity: Spruce Power Holding Corp maintains only 1.20% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Spruce Power Holding Corp Industry Peers by Asset Resilience Ratio
Compare Spruce Power Holding Corp's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Hainan Drinda Automotive Trim Co Ltd
SHE:002865 |
Solar | 3.26% |
|
Gigasolar Materials
TWO:3691 |
Solar | 0.77% |
|
ANJI Technology Co. Ltd
TW:6477 |
Solar | 0.08% |
|
Midsummer AB (publ)
ST:MIDS |
Solar | 5.72% |
|
Clearvue Technologies Ltd
AU:CPV |
Solar | 1.11% |
|
Mpower Group Ltd
AU:MPR |
Solar | 1.29% |
|
Aurora Solar Technologies Inc
V:ACU |
Solar | 4.24% |
|
Tongwei Co Ltd
SHG:600438 |
Solar | 4.43% |
Spruce Power Holding Corp Asset Resilience Ratio by Year (2022–2023)
Spruce Power Holding Corp asset resilience ratio by year from 2022 to 2023. The table below shows the annual Asset Resilience Ratio data for Spruce Power Holding Corp.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 1.27% | $11.33 Million | $895.02 Million | +0.13pp |
| 2022-12-31 | 1.14% | $10.18 Million | $895.90 Million | -- |
About Spruce Power Holding Corp
Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company offers electricity for homeowners through subscription-based payments and solar renewable energy credits (SRECs) for contracted prices, which are generated by home solar energy systems. It also provides Spruce Pro servicing platform, which provides home and third party-owned solar … Read more