Athena Investments A/S (Athena Investments A/S) Debt-to-Equity : 0.00 (As of Jun. 2020)

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What is Athena Investments A/S Debt-to-Equity?

Athena Investments A/S's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $0.00 Mil. Athena Investments A/S's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $0.00 Mil. Athena Investments A/S's Total Stockholders Equity for the quarter that ended in Jun. 2020 was $78.89 Mil. Athena Investments A/S's debt to equity for the quarter that ended in Jun. 2020 was 0.00.

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 Athena Investments A/S's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Athena Investments A/S was 2.08. The lowest was 0.12. And the median was 0.94.

GRTSF's Debt-to-Equity is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 0.79
* Ranked among companies with meaningful Debt-to-Equity only.

Athena Investments A/S Debt-to-Equity Historical Data

The historical data trend for Athena Investments A/S'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.

Athena Investments A/S Debt-to-Equity Chart

Athena Investments A/S Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

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0.94

0.93

0.85

0.76

Athena Investments A/S Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Debt-to-Equity	Get a 7-Day Free Trial															0.80	0.76	0.40	-	-

Competitive Comparison of Athena Investments A/S's Debt-to-Equity

For the Utilities - Renewable subindustry, Athena Investments A/S'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.

Athena Investments A/S's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Athena Investments A/S's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Athena Investments A/S's Debt-to-Equity falls into.

Athena Investments A/S Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Athena Investments A/S's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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	+	0)	/	81.117
	=	0.00

Athena Investments A/S's Debt to Equity Ratio for the quarter that ended in Jun. 2020 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	+	0)	/	78.885
	=	0.00

Athena Investments A/S (GREY:GRTSF) 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.

Athena Investments A/S Debt-to-Equity Related Terms

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

Athena Investments A/S (Athena Investments A/S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Athena Investments A/S (GREY:GRTSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Harbour House, Sundkrogsgade 21, Copenhagen, DNK, 2100

Website

https://www.athenainvestments.com

Athena Investments A/S is a Denmark based investment holding company. The company's activities include the operation of renewable energy plants and are focused on two technologies: Wind power and Solar power. Geographically, it is located throughout Italy, Spain, Denmark, Germany, and Poland. The vast majority of its revenue flows from wind power technology through the Italy region. The company has discontinued its current operations and looking for new business opportunities.

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