Enefit Green AS (OTSE:EGR1T) Debt-to-Equity : 0.67 (As of Mar. 2024)

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What is Enefit Green AS Debt-to-Equity?

Enefit Green AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €67.7 Mil. Enefit Green AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €437.9 Mil. Enefit Green AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €751.8 Mil. Enefit Green AS's debt to equity for the quarter that ended in Mar. 2024 was 0.67.

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 Enefit Green AS's Debt-to-Equity or its related term are showing as below:

OTSE:EGR1T' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.39 Max: 17.34
Current: 0.67

During the past 6 years, the highest Debt-to-Equity Ratio of Enefit Green AS was 17.34. The lowest was 0.18. And the median was 0.39.

OTSE:EGR1T's Debt-to-Equity is ranked better than
57.25% of 393 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.78 vs OTSE:EGR1T: 0.67

Enefit Green AS Debt-to-Equity Historical Data

The historical data trend for Enefit Green AS'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.

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Enefit Green AS Debt-to-Equity Chart

Enefit Green AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.39

0.20

0.39

0.67

Enefit Green AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.36	0.52	0.59	0.67	0.67

Competitive Comparison of Enefit Green AS's Debt-to-Equity

For the Utilities - Renewable subindustry, Enefit Green AS'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.

Enefit Green AS's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Enefit Green AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Enefit Green AS'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
	=	(28.159	+	454.272)	/	717.19
	=	0.67

Enefit Green AS's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(67.685	+	437.916)	/	751.804
	=	0.67

Enefit Green AS (OTSE:EGR1T) 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.

Enefit Green AS Debt-to-Equity Related Terms

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

Enefit Green AS (OTSE:EGR1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enefit Green AS (OTSE:EGR1T) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

I6B:Germany

Address

Lelle tn 22, Tallinn, EST, 11318

Website

https://www.enefitgreen.ee

Enefit Green AS is a renewable energy producer in the Baltic Sea region. The company produces electricity from wind, as well as municipal waste, biomass, solar and hydroelectric sources in Estonia, Latvia, Lithuania, and Poland. The segments of the company are Wind energy segment which comprises all of the company's wind farms and generates key revenue for the firm; Cogeneration segment comprises all of the company's cogeneration plants and the pellet factory and Solar energy segment comprises all of the company's solar farms.

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