Altus Power (Altus Power) Debt-to-Equity : 3.11 (As of Dec. 2023)

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What is Altus Power Debt-to-Equity?

Altus Power's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $46.5 Mil. Altus Power's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,344.0 Mil. Altus Power's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $447.1 Mil. Altus Power's debt to equity for the quarter that ended in Dec. 2023 was 3.11.

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 Altus Power's Debt-to-Equity or its related term are showing as below:

AMPS' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.79 Med: 2.45 Max: 3.11
Current: 3.11

During the past 4 years, the highest Debt-to-Equity Ratio of Altus Power was 3.11. The lowest was 1.79. And the median was 2.45.

AMPS's Debt-to-Equity is ranked worse than
89.72% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.81 vs AMPS: 3.11

Altus Power Debt-to-Equity Historical Data

The historical data trend for Altus Power'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.

Altus Power Debt-to-Equity Chart

Altus Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

3.11

1.79

1.80

3.11

Altus Power Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								1.80	2.31	2.39	2.37	3.11

Competitive Comparison of Altus Power's Debt-to-Equity

For the Utilities - Renewable subindustry, Altus Power'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.

Altus Power's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Altus Power Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Altus Power'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
	=	(46.472	+	1344.008)	/	447.078
	=	3.11

Altus Power'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
	=	(46.472	+	1344.008)	/	447.078
	=	3.11

Altus Power (NYSE:AMPS) 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.

Altus Power Debt-to-Equity 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 » Debt-to-Equity

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