How do you interpret ZA — redeemable noncontrolling interest equity fair value?

An increase indicates a higher potential future cash outflow requirement for the company.

How does ZA — redeemable noncontrolling interest equity fair value compare across companies?

Common for companies with put options on subsidiary equity; peers report this as 'mezzanine equity' or 'redeemable NCI'.

SPX Technologies SPXC ZA — Redeemable Noncontrolling Interest Equity Fair Value

Discontinued — last reported Q3 '16

Similar metrics at other companies

ACGLReportable Legal Entities — Redeemable Noncontrolling Interest Equity Fair Value

$220.62M+0.2%

CGReportable Legal Entities — Redeemable Noncontrolling Interest Equity Fair Value

$6.2M—

EXPEReportable Legal Entities — Redeemable Noncontrolling Interest Equity Carrying Amount

$11M—

ATIReportable Legal Entities — Redeemable Noncontrolling Interest Equity Carrying Amount

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ARMKReportable Legal Entities — Redeemable Noncontrolling Interest Equity Carrying Amount

$9.99M+0.2%

CNCSpecialty Services — Redeemable Noncontrolling Interest Equity Fair Value

$139M—

Other financials

Income statement

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Revenue$566.8M+17.4%

Gross profit$230.6M+17.7%

Operating income$87.7M+31.7%

Net income$59.9M+17.0%

EPS (diluted)$1.19+9.2%

Balance sheet

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Cash & equivalents$158.3M-13.1%

Total debt$697.6M-31.7%

Total equity$2.3B+58.3%

Total assets$3.9B+23.6%

Cash flow

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Operating cash flow$30.6M+381%

CapEx$18.5M+236%

Free cash flow$12.1M+174%

Valuation

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Market cap$12.16B+67.0%

Enterprise value$12.7B+54.3%

P/E48.1×+12.2×

P/S5.2×+1.5×

Profitability

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Gross margin40.5%-0.1pp

Operating margin15.8%+0.3pp

Net margin10.8%+0.6pp

FCF margin11.5%-0.1pp

Returns & leverage

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Return on equity13.6%-1.6pp

Debt / equity0.3×-0.4×

Current ratio2.1×+0.2×

Where this comes from

Reported directly by SPX Technologies in its filing.

Tagged under the XBRL concept us-gaap:RedeemableNoncontrollingInterestEquityFairValue.

The official record: SPX Technologies’s 10-Q, filed October 31, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does ZA — redeemable noncontrolling interest equity fair value mean?: The current market value of equity held by others that the company might be forced to buy back.
How do you interpret ZA — redeemable noncontrolling interest equity fair value?: An increase indicates a higher potential future cash outflow requirement for the company.
How does ZA — redeemable noncontrolling interest equity fair value compare across companies?: Common for companies with put options on subsidiary equity; peers report this as 'mezzanine equity' or 'redeemable NCI'.