Clover Power PCL (BKK:CV) Debt-to-Equity : 1.63 (As of Dec. 2023)

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What is Clover Power PCL Debt-to-Equity?

Clover Power PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿952 Mil. Clover Power PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿1,307 Mil. Clover Power PCL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿1,385 Mil. Clover Power PCL's debt to equity for the quarter that ended in Dec. 2023 was 1.63.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Clover Power PCL's Debt-to-Equity or its related term are showing as below:

BKK:CV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 1.62 Max: 3.58
Current: 1.63

During the past 5 years, the highest Debt-to-Equity Ratio of Clover Power PCL was 3.58. The lowest was 0.38. And the median was 1.62.

BKK:CV's Debt-to-Equity is ranked worse than
70.44% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.8 vs BKK:CV: 1.63

Clover Power PCL Debt-to-Equity Historical Data

The historical data trend for Clover Power PCL's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Clover Power PCL Debt-to-Equity Chart

Clover Power PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

3.58

1.62

0.38

0.92

1.63

Clover Power PCL Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.92	1.09	1.15	1.17	1.63

Competitive Comparison of Clover Power PCL's Debt-to-Equity

For the Utilities - Renewable subindustry, Clover Power PCL's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Clover Power PCL's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Clover Power PCL's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Clover Power PCL's Debt-to-Equity falls into.

Clover Power PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clover Power PCL's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(952.442	+	1306.592)	/	1384.889
	=	1.63

Clover Power PCL's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(952.442	+	1306.592)	/	1384.889
	=	1.63

Clover Power PCL (BKK:CV) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Clover Power PCL Debt-to-Equity Related Terms

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Clover Power PCL (BKK:CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Clover Power PCL (BKK:CV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 159 Soi Rama 9 57/1 (Wisetsuk 2), Phatthanakan Subdistrict, Suan Luang District, Bangkok, THA, 10250

Website

https://www.cloverpower.co.th

Clover Power PCL operates as a fully integrated renewable energy business. Its business is classified into three main divisions namely power generation and distribution business, engineering service business and renewable energy business. The Group operates in three geographic areas which are Thailand, Australia, and Vietnam.

Clover Power PCL (BKK:CV) Headlines

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