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ITM Power (LSE:ITM) Debt-to-Equity : 0.03 (As of Oct. 2023)


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What is ITM Power Debt-to-Equity?

ITM Power's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £0.65 Mil. ITM Power's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £6.62 Mil. ITM Power's Total Stockholders Equity for the quarter that ended in Oct. 2023 was £277.43 Mil. ITM Power's debt to equity for the quarter that ended in Oct. 2023 was 0.03.

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

LSE:ITM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 0.14
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of ITM Power was 0.14. The lowest was 0.01. And the median was 0.03.

LSE:ITM's Debt-to-Equity is ranked better than
89.89% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs LSE:ITM: 0.03

ITM Power Debt-to-Equity Historical Data

The historical data trend for ITM Power'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.

ITM Power Debt-to-Equity Chart

ITM Power Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.12 0.03 0.02 0.03

ITM Power Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.02 0.02 0.03 0.03

Competitive Comparison of ITM Power's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, ITM Power'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.

ITM Power's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ITM Power's Debt-to-Equity distribution charts can be found below:

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


ITM Power Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ITM Power's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
=(0.943 + 6.866) / 295.508
=0.03

ITM Power's Debt to Equity Ratio for the quarter that ended in Oct. 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
=(0.646 + 6.617) / 277.426
=0.03

* 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.

ITM Power  (LSE:ITM) 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.

ITM Power Debt-to-Equity Related Terms

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

ITM Power (LSE:ITM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITM Power PLC (LSE:ITM) » Definitions » Debt-to-Equity
Comparable Companies
LSE:CGS LSE:AVG LSE:GDWN LSE:RNO LSE:MPAC LSE:PHE LSE:CPH2 LSE:LIB LSE:EQT LSE:XSG XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH XKRX:373220 EMR AME CMI
Traded in Other Exchanges
ITMPF:USA ITM.GB:UK IJ8:Germany
Address
2 Bessemer Park, Shepcote Lane, Sheffield, GBR, S9 1DZ
Website
https://www.itm-power.com
ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.