Corre Energy BV (DUB:CORRE) Debt-to-Equity : -3.03 (As of Jun. 2023)

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What is Corre Energy BV Debt-to-Equity?

Corre Energy BV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.68 Mil. Corre Energy BV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €38.24 Mil. Corre Energy BV's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €-12.83 Mil. Corre Energy BV's debt to equity for the quarter that ended in Jun. 2023 was -3.03.

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

DUB:CORRE' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.03 Med: -0.9 Max: 12.18
Current: -3.03

During the past 4 years, the highest Debt-to-Equity Ratio of Corre Energy BV was 12.18. The lowest was -3.03. And the median was -0.90.

DUB:CORRE's Debt-to-Equity is not ranked
in the Utilities - Independent Power Producers industry.
Industry Median: 0.78 vs DUB:CORRE: -3.03

Corre Energy BV Debt-to-Equity Historical Data

The historical data trend for Corre Energy BV'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.

Corre Energy BV Debt-to-Equity Chart

Corre Energy BV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-0.90

0.49

1.59

-2.92

Corre Energy BV Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial			-1.95	1.59	12.18	-2.92	-3.03

Competitive Comparison of Corre Energy BV's Debt-to-Equity

For the Utilities - Renewable subindustry, Corre Energy BV'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.

Corre Energy BV's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Corre Energy BV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Corre Energy BV's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0	+	33.698)	/	-11.531
	=	-2.92

Corre Energy BV's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.675	+	38.24)	/	-12.826
	=	-3.03

Corre Energy BV (DUB:CORRE) 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.

Corre Energy BV Debt-to-Equity Related Terms

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Corre Energy BV (DUB:CORRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corre Energy BV (DUB:CORRE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Helperpark 278-3, Groningen, NLD, 9723 ZA

Website

https://www.corre.energy

Corre Energy BV is specialized in the development, construction, and operation of large-scale, underground renewable energy storage facilities. The group develops salt cavern energy storage facilities that use compressed air and hydrogen, and which enable mass energy storage for later use in offsetting the intermittent effects of renewable energy. It is also developing business activities in the production and sale of green energy.

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