Pineapple Energy (Pineapple Energy) Debt-to-Equity : -1.76 (As of Mar. 2024)

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What is Pineapple Energy Debt-to-Equity?

Pineapple Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.62 Mil. Pineapple Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $13.99 Mil. Pineapple Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-11.17 Mil. Pineapple Energy's debt to equity for the quarter that ended in Mar. 2024 was -1.76.

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 Pineapple Energy's Debt-to-Equity or its related term are showing as below:

PEGY' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.76 Med: 0.04 Max: 0.97
Current: -1.76

During the past 4 years, the highest Debt-to-Equity Ratio of Pineapple Energy was 0.97. The lowest was -1.76. And the median was 0.04.

PEGY's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.26 vs PEGY: -1.76

Pineapple Energy Debt-to-Equity Historical Data

The historical data trend for Pineapple Energy'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.

Pineapple Energy Debt-to-Equity Chart

Pineapple Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-1.93

-0.76

0.65

0.97

Pineapple Energy Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.75	0.82	0.90	0.97	-1.76

Competitive Comparison of Pineapple Energy's Debt-to-Equity

For the Solar subindustry, Pineapple Energy'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.

Pineapple Energy's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Pineapple Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pineapple Energy's Debt-to-Equity falls into.

Pineapple Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pineapple Energy'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
	=	(5.451	+	14.321)	/	20.437
	=	0.97

Pineapple Energy'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
	=	(5.624	+	13.992)	/	-11.172
	=	-1.76

Pineapple Energy (NAS:PEGY) 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.

Pineapple Energy Debt-to-Equity Related Terms

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

Pineapple Energy (Pineapple Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Pineapple Energy Inc (NAS:PEGY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VC91:Germany

Address

10900 Red Circle Drive, Minnetonka, MN, USA, 55343

Website

https://www.pineappleenergy.com

Pineapple Energy Inc provides households with sustainable solar energy, back-up power and security, control and predictability, and cost savings. It provides a full range of installation services, including the design, engineering, procurement, permitting, construction, grid connection, warranty, monitoring and maintenance of residential solar energy systems. The company also offers battery storage to customers in select markets and serves a limited number of enterprise customers.

Executives

Northern Pacific Growth Investment Advisors, Llc	10 percent owner	315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Scott Maskin	director	40 GRASSMERE AVENUE, OAKDALE NY 11769
Eric Ingvaldson	officer: CHIEF FINANCIAL OFFICER	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Michael R. Zapata	director	2765 NW NICOLAI STREET, PORTLAND OR 97210
Roger Hd Lacey	director	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Scott Honour	director	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Kyle Udseth	director, officer: CHIEF EXECUTIVE OFFICER	NORTHERN PACIFIC GROUP, 315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Tom Holland	director	315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Marilyn S. Adler	director	315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Mike Siegler	officer: Senior Vice President	10900 RED CIRCLE DR., MINNETONKA MN 55343
Anita Kumar	director, officer: President/CEO	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Steven Webster	director	4901 ARDEN AVE., EDINA MN 55424
Richard A Primuth	director
Scott Fluegge	officer: VP	12946 66TH ST N, WEST PALM BEACH FL 33412
Scott Gregory Otis	officer: VP	18535 SCHROERS FARM ROAD, EDEN PRAIRIE MN 55347