Alternus Clean Energy (Alternus Clean Energy) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Alternus Clean Energy LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Alternus Clean Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Alternus Clean Energy's long-term debt to total assets ratio declined from Dec. 2021 (0.80) to Dec. 2023 (0.01). It may suggest that Alternus Clean Energy is progressively becoming less dependent on debt to grow their business.

Alternus Clean Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alternus Clean Energy's LT-Debt-to-Total-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.

Alternus Clean Energy LT-Debt-to-Total-Asset Chart

Alternus Clean Energy Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.80

0.90

0.01

Alternus Clean Energy Semi-Annual Data
	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	0.80	0.90	0.01

Alternus Clean Energy LT-Debt-to-Total-Asset Calculation

Alternus Clean Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1.252	/	185.286
	=	0.01

Alternus Clean Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1.252	/	185.286
	=	0.01

Alternus Clean Energy (NAS:ALCE) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Alternus Clean Energy LT-Debt-to-Total-Asset Related Terms

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

Alternus Clean Energy (Alternus Clean Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Clean Energy Inc (NAS:ALCE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Blanchardstown Corporate Park 2, Suite 9 & 10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and in the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids.

Alternus Clean Energy (Alternus Clean Energy) Headlines

From GuruFocus

Alternus Clean Energy, Inc. Announces Closing of $2.16 Million Private Placement of Convertible Notes and Warrants

By Marketwired • 04-22-2024