Renu Energy (FRA:GD2) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Renu Energy Debt-to-Equity?

Renu Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.03 Mil. Renu Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.12 Mil. Renu Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €10.78 Mil. Renu Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Renu Energy's Debt-to-Equity or its related term are showing as below:

FRA:GD2' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.2
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Renu Energy was 0.20. The lowest was 0.00. And the median was 0.01.

FRA:GD2's Debt-to-Equity is ranked better than
97.69% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs FRA:GD2: 0.02

Renu Energy Debt-to-Equity Historical Data

The historical data trend for Renu Energy'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.

Renu Energy Debt-to-Equity Chart

Renu Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.20

0.01

0.05

Renu Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	-	-	-	0.02

Competitive Comparison of Renu Energy's Debt-to-Equity

For the Utilities - Renewable subindustry, Renu Energy'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.

Renu Energy's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Renu Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Renu Energy's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.04	+	0)	/	10.584
	=	0.00

Renu Energy'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
	=	(0.034	+	0.123)	/	10.775
	=	0.01

Renu Energy (FRA:GD2) 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.

Renu Energy Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Renu Energy's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Renu Energy (FRA:GD2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Renu Energy Ltd (FRA:GD2) » Definitions » Debt-to-Equity

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GDYMF:USA RNE:Australia

Address

52 McDougall Street, P.O. Box 2046, Level 2, Corporate House, Kings Row 1, Milton, QLD, AUS, 4064

Website

https://www.renuenergy.com.au

Renu Energy Ltd delivers clean energy products and services. It builds, owns, operates, and maintains renewable energy assets so its customers can access renewable energy, at a lower price, with no upfront cost. The company operates in two segments namely Hydrogen and Renewable and Clean Energy Investments. It derives majority of its revenue from Renewable and Clean Energy Investment Segment.

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