Altus Power (Altus Power) LT-Debt-to-Total-Asset : 0.65 (As of Mar. 2024)

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What is Altus Power 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. Altus Power's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.65.

Altus Power's long-term debt to total assets ratio increased from Mar. 2023 (0.58) to Mar. 2024 (0.65). It may suggest that Altus Power is progressively becoming more dependent on debt to grow their business.

Altus Power LT-Debt-to-Total-Asset Historical Data

The historical data trend for Altus Power'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.

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Altus Power LT-Debt-to-Total-Asset Chart

Altus Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.61

0.47

0.53

0.64

Altus Power Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.58	0.60	0.60	0.64	0.65

Altus Power LT-Debt-to-Total-Asset Calculation

Altus Power'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 )
	=	1344.008	/	2090.349
	=	0.64

Altus Power's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1442.955	/	2218.476
	=	0.65

Altus Power (NYSE:AMPS) 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.

Altus Power LT-Debt-to-Total-Asset Related Terms

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Altus Power (Altus Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altus Power Inc (NYSE:AMPS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

8770:Germany

Address

2200 Atlantic Street, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.altuspower.com

Altus Power Inc is a renewable energy generation company focused on the commercial and industrial, public sector, and community solar customers. It operates as a developer, owner and operator of large-scale roof, ground and carport-based photovoltaic and energy storage systems, as well as electric vehicle charging facilities.

Executives

Lars Norell	director, officer: See Remarks	12 EGGLESTON LANE, OLD GREENWICH CT 06870
Dustin Weber	officer: See Remarks	2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Anthony Savino	officer: See Remarks	2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Gso Altus Holdings Lp	10 percent owner	345 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10154
William F Concannon	director, officer: Chief Executive Officer	200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10166
Gregg J Felton	director, officer: See Remarks	C/O FULL CIRCLE CAPITAL CORPORATION, 800 WESTCHESTER AVE., RYE BROOK NY 10573
Diane D Brink	director	C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105
Valueact Capital Management, Llc	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Gso Altus Holdings Associates Llc	10 percent owner	345 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10154
Sharon Daley	director	2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Cbre Acquisition Sponsor, Llc	director, 10 percent owner	2100 MCKENNEY AVENUE, 12TH FLOOR, DALLAS TX 75201
Robert M Horn	director	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154
Cbre Group, Inc.	director, 10 percent owner	2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Cbre Services, Inc.	director, 10 percent owner	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Christine Rose Detrick	director	200 CLARENDON STREET, T-9, BOSTON MA 02116