Serena Energia (BSP:SRNA3) Debt-to-Equity : 1.93 (As of Dec. 2023)

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What is Serena Energia Debt-to-Equity?

Serena Energia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$3,216 Mil. Serena Energia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$6,854 Mil. Serena Energia's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$5,207 Mil. Serena Energia's debt to equity for the quarter that ended in Dec. 2023 was 1.93.

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

BSP:SRNA3' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.43 Med: 1.64 Max: 1.93
Current: 1.93

During the past 3 years, the highest Debt-to-Equity Ratio of Serena Energia was 1.93. The lowest was 1.43. And the median was 1.64.

BSP:SRNA3's Debt-to-Equity is ranked worse than
76.35% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.8 vs BSP:SRNA3: 1.93

Serena Energia Debt-to-Equity Historical Data

The historical data trend for Serena 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.

Serena Energia Debt-to-Equity Chart

Serena Energia Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

1.43

1.64

1.93

Serena Energia Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					1.97	1.64	1.71	1.86	1.93

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

For the Utilities - Renewable subindustry, Serena 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.

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

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

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

Serena Energia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Serena 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
	=	(3216.331	+	6854.093)	/	5206.79
	=	1.93

Serena 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
	=	(3216.331	+	6854.093)	/	5206.79
	=	1.93

Serena Energia (BSP:SRNA3) 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.

Serena Energia Debt-to-Equity Related Terms

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Serena Energia (BSP:SRNA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Serena Energia SA (BSP:SRNA3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Elvira Ferraz, no. 68, 12th floor, Conjuntos no. 123 and 124, Vila Olimpia, Sao Paulo, SP, BRA, 04552-040

Website

https://www.srna.co

Serena Energia SA is engaged in the generation of renewable energy. Its portfolio includes wind, hydro, and solar operational assets.

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