Advent Technologies Holdings (Advent Technologies Holdings) Debt-to-Equity : 0.34 (As of Sep. 2023)

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What is Advent Technologies Holdings Debt-to-Equity?

Advent Technologies Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.34 Mil. Advent Technologies Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $8.77 Mil. Advent Technologies Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $32.58 Mil. Advent Technologies Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.34.

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 Advent Technologies Holdings's Debt-to-Equity or its related term are showing as below:

ADNWW' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.02 Med: 0.2 Max: 0.34
Current: 0.34

During the past 4 years, the highest Debt-to-Equity Ratio of Advent Technologies Holdings was 0.34. The lowest was -0.02. And the median was 0.20.

ADNWW's Debt-to-Equity is ranked better than
75.45% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.84 vs ADNWW: 0.34

Advent Technologies Holdings Debt-to-Equity Historical Data

The historical data trend for Advent Technologies Holdings'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.

Advent Technologies Holdings Debt-to-Equity Chart

Advent Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-0.02

0.19

Advent Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial										-	0.19	0.22	0.29	0.34

Competitive Comparison of Advent Technologies Holdings's Debt-to-Equity

For the Utilities - Renewable subindustry, Advent Technologies Holdings'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.

Advent Technologies Holdings's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Advent Technologies Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advent Technologies Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2.28	+	9.802)	/	64.148
	=	0.19

Advent Technologies Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2.34	+	8.774)	/	32.582
	=	0.34

Advent Technologies Holdings (NAS:ADNWW) 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.

Advent Technologies Holdings Debt-to-Equity Related Terms

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Advent Technologies Holdings (Advent Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Advent Technologies Holdings Inc (NAS:ADNWW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ADN:USA

Address

500 Rutherford Avenue, Suite 102, Boston, MA, USA, 02129

Website

https://www.advent.energy

Advent Technologies Holdings Inc is an innovation-driven company in the fuel cell and hydrogen technology space. The company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.