Greenvolt - Energias Renovaveis (XLIS:GVOLT) Equity-to-Asset : 0.20 (As of Dec. 2023)

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

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Greenvolt - Energias Renovaveis's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €461.6 Mil. Greenvolt - Energias Renovaveis's Total Assets for the quarter that ended in Dec. 2023 was €2,287.4 Mil. Therefore, Greenvolt - Energias Renovaveis's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.20.

The historical rank and industry rank for Greenvolt - Energias Renovaveis's Equity-to-Asset or its related term are showing as below:

XLIS:GVOLT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.24 Max: 0.34
Current: 0.2

During the past 6 years, the highest Equity to Asset Ratio of Greenvolt - Energias Renovaveis was 0.34. The lowest was 0.20. And the median was 0.24.

XLIS:GVOLT's Equity-to-Asset is ranked worse than
82.77% of 441 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.4 vs XLIS:GVOLT: 0.20

Greenvolt - Energias Renovaveis Equity-to-Asset Historical Data

The historical data trend for Greenvolt - Energias Renovaveis's Equity-to-Asset 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 Equity-to-Asset Chart

Greenvolt - Energias Renovaveis Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.20

0.34

0.31

0.27

0.20

Greenvolt - Energias Renovaveis Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial											0.27	0.25	0.24	0.22	0.20

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

For the Utilities - Renewable subindustry, Greenvolt - Energias Renovaveis's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Utilities - Independent Power Producers Industry

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

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

Greenvolt - Energias Renovaveis Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Greenvolt - Energias Renovaveis's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	461.585	/	2287.384
	=	0.20

Greenvolt - Energias Renovaveis's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	461.585	/	2287.384
	=	0.20

Greenvolt - Energias Renovaveis (XLIS:GVOLT) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Greenvolt - Energias Renovaveis Equity-to-Asset Related Terms

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

Greenvolt - Energias Renovaveis (XLIS:GVOLT) Business Description

Industry

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

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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