Renova Energia (BSP:RNEW3) Debt-to-Equity : 1.18 (As of Dec. 2023)

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What is Renova Energia Debt-to-Equity?

Renova Energia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$174.1 Mil. Renova Energia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$925.5 Mil. Renova Energia's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$933.0 Mil. Renova Energia's debt to equity for the quarter that ended in Dec. 2023 was 1.18.

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 Renova Energia's Debt-to-Equity or its related term are showing as below:

BSP:RNEW3' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.12 Med: 1.02 Max: 1.66
Current: 1.18

During the past 13 years, the highest Debt-to-Equity Ratio of Renova Energia was 1.66. The lowest was -4.12. And the median was 1.02.

BSP:RNEW3's Debt-to-Equity is ranked worse than
59.64% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.81 vs BSP:RNEW3: 1.18

Renova Energia Debt-to-Equity Historical Data

The historical data trend for Renova Energia'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.

Renova Energia Debt-to-Equity Chart

Renova Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.42

-1.33

-1.85

1.13

1.18

Renova Energia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.13	1.14	1.23	1.33	1.18

Competitive Comparison of Renova Energia's Debt-to-Equity

For the Utilities - Renewable subindustry, Renova Energia'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.

Renova Energia's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Renova Energia's Debt-to-Equity falls into.

Renova Energia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Renova Energia'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
	=	(174.149	+	925.535)	/	933.02
	=	1.18

Renova Energia'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
	=	(174.149	+	925.535)	/	933.02
	=	1.18

Renova Energia (BSP:RNEW3) 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.

Renova Energia Debt-to-Equity Related Terms

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Renova Energia (BSP:RNEW3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Renova Energia SA (BSP:RNEW3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RNEW11:Brazil RNEW4:Brazil

Address

Av. Roque Petroni Júnior, Suite 999, 4th Floor, Sao Paulo, SP, BRA, 4571011

Website

https://www.renovaenergia.com.br

Renova Energia SA is a Brazilian energy company generating electric power from renewable sources, focusing on wind farms, small hydroelectric plants, and solar energy. The company is responsible for prospecting, developing, and implementing projects to generate power. The company is also involved in the power trading business. A majority of revenue is derived from a combination of wind and power trading, with a significantly smaller portion of revenue coming from both small hydroelectric plants and solar power. Renova generates the vast majority of its revenue in Brazil.

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