Greenvolt - Energias Renovaveis (XLIS:GVOLT) Debt-to-Equity : 2.93 (As of Dec. 2023)

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What is Greenvolt - Energias Renovaveis Debt-to-Equity?

Greenvolt - Energias Renovaveis's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €343.4 Mil. Greenvolt - Energias Renovaveis's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,007.6 Mil. Greenvolt - Energias Renovaveis's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €461.6 Mil. Greenvolt - Energias Renovaveis's debt to equity for the quarter that ended in Dec. 2023 was 2.93.

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 Greenvolt - Energias Renovaveis's Debt-to-Equity or its related term are showing as below:

XLIS:GVOLT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.43 Med: 2.45 Max: 3.33
Current: 2.93

During the past 6 years, the highest Debt-to-Equity Ratio of Greenvolt - Energias Renovaveis was 3.33. The lowest was 1.43. And the median was 2.45.

XLIS:GVOLT's Debt-to-Equity is ranked worse than
89.26% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs XLIS:GVOLT: 2.93

Greenvolt - Energias Renovaveis Debt-to-Equity Historical Data

The historical data trend for Greenvolt - Energias Renovaveis'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.

Greenvolt - Energias Renovaveis Debt-to-Equity Chart

Greenvolt - Energias Renovaveis Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.29

1.43

1.64

1.98

2.93

Greenvolt - Energias Renovaveis Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											1.98	2.34	2.39	2.57	2.93

Competitive Comparison of Greenvolt - Energias Renovaveis's Debt-to-Equity

For the Utilities - Renewable subindustry, Greenvolt - Energias Renovaveis'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.

Greenvolt - Energias Renovaveis's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Greenvolt - Energias Renovaveis Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greenvolt - Energias Renovaveis'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
	=	(343.366	+	1007.572)	/	461.585
	=	2.93

Greenvolt - Energias Renovaveis'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
	=	(343.366	+	1007.572)	/	461.585
	=	2.93

Greenvolt - Energias Renovaveis (XLIS:GVOLT) 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.

Greenvolt - Energias Renovaveis Debt-to-Equity Related Terms

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Greenvolt - Energias Renovaveis (XLIS:GVOLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Greenvolt - Energias Renovaveis SA (XLIS:GVOLT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

000:Germany

Address

Rua Manuel Pinto de Azevedo 818, Porto, PRT, PT-4100-320

Website

https://www.greenvolt.pt

Greenvolt - Energias Renovaveis SA is specialized in the production of electricity from renewable energy sources. It has three operating segments. Biomass & Structure has five energy production plants through forest biomass in Portugal, the costs of the corporate structure of Greenvolt, and the plant in Tilbury. The development of Solar & wind energy includes the activities of development, construction, & exploration of photovoltaic & wind energy, with the subsidiaries Greenvolt Power & Sustainable Energy One being the main contributors to the segment. Distributed generation includes the contributions from subsidiaries Greenvolt Next Portugal, Greenvolt Next Portugal II Invest, Perfecta Energía, Greenvolt Comunidades, & Univergy. The key revenue is from the biomass & structure segment.

Greenvolt - Energias Renovaveis (XLIS:GVOLT) Headlines

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