OPAL Fuels (OPAL Fuels) Equity-to-Asset : -0.51 (As of Mar. 2024)

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What is OPAL Fuels Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. OPAL Fuels's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-382.4 Mil. OPAL Fuels's Total Assets for the quarter that ended in Mar. 2024 was $750.5 Mil. Therefore, OPAL Fuels's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was -0.51.

The historical rank and industry rank for OPAL Fuels's Equity-to-Asset or its related term are showing as below:

OPAL' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.63 Med: -0.88 Max: 0.27
Current: -0.51

During the past 5 years, the highest Equity to Asset Ratio of OPAL Fuels was 0.27. The lowest was -1.63. And the median was -0.88.

OPAL's Equity-to-Asset is ranked worse than
98.65% of 517 companies
in the Utilities - Regulated industry
Industry Median: 0.37 vs OPAL: -0.51

OPAL Fuels Equity-to-Asset Historical Data

The historical data trend for OPAL Fuels's Equity-to-Asset 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.

OPAL Fuels Equity-to-Asset Chart

OPAL Fuels Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.14

-1.24

-0.64

OPAL Fuels Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial										-1.35	-1.13	-1.24	-0.64	-0.51

Competitive Comparison of OPAL Fuels's Equity-to-Asset

For the Utilities - Regulated Gas subindustry, OPAL Fuels's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

OPAL Fuels's Equity-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, OPAL Fuels's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where OPAL Fuels's Equity-to-Asset falls into.

OPAL Fuels Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

OPAL Fuels's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-478.807	/	754.609
	=	-0.63

OPAL Fuels's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-382.387	/	750.499
	=	-0.51

OPAL Fuels (NAS:OPAL) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

OPAL Fuels Equity-to-Asset Related Terms

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

OPAL Fuels (OPAL Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » OPAL Fuels Inc (NAS:OPAL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

One North Lexington Avenue, Suite 1450, White Plains, NY, USA, 10601

Website

https://www.opalfuels.com

OPAL Fuels Inc is a fully integrated, nationwide leader in the production and distribution of low-carbon intensity renewable natural gas. The company's vertical waste-to-energy model combines the upstream production and downstream marketing and distribution of RNG, delivering a scalable, low-cost solution to decarbonize heavy-duty transportation and other industrial markets.