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Ecoener (XMAD:ENER) Debt-to-Equity : 2.92 (As of Dec. 2023)


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What is Ecoener Debt-to-Equity?

Ecoener's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €38.18 Mil. Ecoener's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €333.78 Mil. Ecoener's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €127.21 Mil. Ecoener's debt to equity for the quarter that ended in Dec. 2023 was 2.92.

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

XMAD:ENER' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.75   Med: 10.51   Max: 73.63
Current: 2.92

During the past 6 years, the highest Debt-to-Equity Ratio of Ecoener was 73.63. The lowest was 1.75. And the median was 10.51.

XMAD:ENER's Debt-to-Equity is ranked worse than
88.43% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.81 vs XMAD:ENER: 2.92

Ecoener Debt-to-Equity Historical Data

The historical data trend for Ecoener'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.

Ecoener Debt-to-Equity Chart

Ecoener Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 21.12 73.63 1.75 2.32 2.92

Ecoener Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.75 1.71 2.32 2.50 2.92

Competitive Comparison of Ecoener's Debt-to-Equity

For the Utilities - Renewable subindustry, Ecoener'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.

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

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

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


Ecoener Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ecoener'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
=(38.178 + 333.775) / 127.205
=2.92

Ecoener'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
=(38.178 + 333.775) / 127.205
=2.92

* 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.

Ecoener  (XMAD:ENER) 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.

Ecoener Debt-to-Equity Related Terms

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

Ecoener (XMAD:ENER) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ecoener SA (XMAD:ENER) » Definitions » Debt-to-Equity
Comparable Companies
XMAD:ETC XMAD:ADX XMAD:OPDE CEG ISX:BREN WBO:VER XPRA:CEZ OCSE:ORSTED SHSE:600025 SHSE:600905 BOM:541450 SZSE:001289 XLIS:EDPR BSP:ELET3 BKK:GULF SHSE:600886 TSE:9503 OHEL:FORTUM SHSE:600795 XSWX:BKW
Traded in Other Exchanges
89W:Germany
Address
Canton Grande, no. 6, 6th., La Coruna, ESP, 15003
Website
https://www.ecoener.es
Ecoener SA is a renewable energy company that builds and operates hydroelectric plants, wind farms, and photovoltaic solar plants. It generates renewable energy to contribute to sustainable development. In addition, it is also engaged in the design, promotion, development, construction, management, maintenance, operation, closure, and dismantling of the relevant production facilities. The Group has five operating segments: i) operation of hydropower plants, ii) operation of wind farms, iii) operation of solar photovoltaic plants, iv) electricity commercialization, and v) provision of other services. The majority of the revenue is earned from the operation of the wind farms segment.