SolarBank (NEOE:SUNN) Debt-to-Equity : 0.20 (As of Dec. 2023)

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What is SolarBank Debt-to-Equity?

SolarBank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.50 Mil. SolarBank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.64 Mil. SolarBank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$21.15 Mil. SolarBank's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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

NEOE:SUNN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.13 Max: 0.48
Current: 0.2

During the past 2 years, the highest Debt-to-Equity Ratio of SolarBank was 0.48. The lowest was 0.06. And the median was 0.13.

NEOE:SUNN's Debt-to-Equity is ranked better than
82.26% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.8 vs NEOE:SUNN: 0.20

SolarBank Debt-to-Equity Historical Data

The historical data trend for SolarBank'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.

SolarBank Debt-to-Equity Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.47

0.07

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.48	0.07	0.07	0.06	0.20

Competitive Comparison of SolarBank's Debt-to-Equity

For the Utilities - Renewable subindustry, SolarBank'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.

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

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

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

SolarBank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SolarBank'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
	=	(0.196	+	0.888)	/	16.393
	=	0.07

SolarBank'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
	=	(0.501	+	3.636)	/	21.152
	=	0.20

SolarBank (NEOE:SUNN) 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.

SolarBank Debt-to-Equity Related Terms

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

SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

SolarBank (NEOE:SUNN) Headlines

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