AB Ignitis Grupe (LSE:IGN) Debt-to-Equity : 0.72 (As of Dec. 2023)

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What is AB Ignitis Grupe Debt-to-Equity?

AB Ignitis Grupe's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €70 Mil. AB Ignitis Grupe's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,564 Mil. AB Ignitis Grupe's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €2,263 Mil. AB Ignitis Grupe's debt to equity for the quarter that ended in Dec. 2023 was 0.72.

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 AB Ignitis Grupe's Debt-to-Equity or its related term are showing as below:

LSE:IGN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 0.72 Max: 0.85
Current: 0.72

During the past 7 years, the highest Debt-to-Equity Ratio of AB Ignitis Grupe was 0.85. The lowest was 0.50. And the median was 0.72.

LSE:IGN's Debt-to-Equity is ranked better than
55.77% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs LSE:IGN: 0.72

AB Ignitis Grupe Debt-to-Equity Historical Data

The historical data trend for AB Ignitis Grupe'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.

AB Ignitis Grupe Debt-to-Equity Chart

AB Ignitis Grupe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.85

0.72

0.76

0.79

0.72

AB Ignitis Grupe Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.79	0.74	0.81	0.77	0.72

Competitive Comparison of AB Ignitis Grupe's Debt-to-Equity

For the Utilities - Diversified subindustry, AB Ignitis Grupe'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.

AB Ignitis Grupe's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, AB Ignitis Grupe's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where AB Ignitis Grupe's Debt-to-Equity falls into.

AB Ignitis Grupe Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AB Ignitis Grupe'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
	=	(69.7	+	1563.5)	/	2263.4
	=	0.72

AB Ignitis Grupe'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
	=	(69.7	+	1563.5)	/	2263.4
	=	0.72

AB Ignitis Grupe (LSE:IGN) 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.

AB Ignitis Grupe Debt-to-Equity Related Terms

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AB Ignitis Grupe (LSE:IGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » AB Ignitis Grupe (LSE:IGN) » Definitions » Debt-to-Equity

Traded in Other Exchanges

IGN1L:Lithuania IGV0:Germany

Address

Laisves Avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ignitisgrupe.lt

AB Ignitis Grupe is a utility and renewable energy company in the Baltic region. The group's core business is focused on operating electricity and gas distribution networks. It operates in four segments: Customers & Solutions, which is into electricity and gas supply, trading and balancing, energy efficiency projects, construction of solar power plants for businesses and residents, installation and operation of electric vehicle charging stations, and energy solutions; Networks segment, which is engaged in the operation, maintenance, management and development of electricity and gas distribution networks; Green Generation segment; and Flexible Generation segment. The vast majority of the revenue comes from the Customers & Solutions and Network segments.