Westbridge Renewable Energy (FRA:PUQ) Debt-to-Equity : 0.70 (As of Feb. 2024)

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What is Westbridge Renewable Energy Debt-to-Equity?

Westbridge Renewable Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €18.20 Mil. Westbridge Renewable Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €0.93 Mil. Westbridge Renewable Energy's Total Stockholders Equity for the quarter that ended in Feb. 2024 was €27.48 Mil. Westbridge Renewable Energy's debt to equity for the quarter that ended in Feb. 2024 was 0.70.

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

FRA:PUQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: 7.75
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Westbridge Renewable Energy was 7.75. The lowest was 0.00. And the median was 0.09.

FRA:PUQ's Debt-to-Equity is ranked better than
56.52% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs FRA:PUQ: 0.70

Westbridge Renewable Energy Debt-to-Equity Historical Data

The historical data trend for Westbridge Renewable 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.

Westbridge Renewable Energy Debt-to-Equity Chart

Westbridge Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.07

6.45

Westbridge Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.95	1.36	7.75	6.45	0.70

Competitive Comparison of Westbridge Renewable Energy's Debt-to-Equity

For the Utilities - Renewable subindustry, Westbridge Renewable 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.

Westbridge Renewable Energy's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Westbridge Renewable Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Westbridge Renewable Energy's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(24.22	+	0.865)	/	3.892
	=	6.45

Westbridge Renewable Energy's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(18.197	+	0.927)	/	27.476
	=	0.70

Westbridge Renewable Energy (FRA:PUQ) 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.

Westbridge Renewable Energy Debt-to-Equity Related Terms

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Westbridge Renewable Energy (FRA:PUQ) Business Description

Industry

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Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.westbridge.energy

Westbridge Renewable Energy Corp is focused on delivering attractive, long-term returns by identifying, originating, and developing a global portfolio of renewable assets for investors and utilities. It develops best-in-class, utility-scale solar PV projects. It is turning green fields and the power of the sun into a reliable, sustainable flow of energy.

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